Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Mouwasat Medical Services Co.'s board of directors recommended a 27.5% cash dividend at SAR 2.75 per share, for 2021.
2) Saudi Cable Co. announced the prospectus for its capital increase through offering rights issue shares worth SAR 500 million.
3) Emaar The Economic City (Emaar EC) signed a SAR 60 million contract with National Security Services Company (SAFE) to provide security services at King Abdullah Economic City (KAEC).
4) Fawaz Abdulaziz Alhokair Co. submitted its capital cut file and application to increase capital through a rights issue for approval to the Capital Market Authority (CMA).
5) Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed an agreement with the Swiss Company, VIFOR PHARMA, for a period of eight years, worth SAR 240 million, with average annual revenue of around SAR 30 million.
6) Mulkia Gulf Real Estate REIT Fund will pay a 1.8% cash dividend for the fourth quarter of 2021 at SAR 0.18 per unit, amounting to SAR 12.26 million.
7) Batic Investments and Logistics Co.'s subsidiary, Smart Cities Solutions Co., signed a SAR 422 million contract with Qassim Amanah for a smart parking project in the downtown area of Buraidah for a period of 25 years.
8) Brent crude on Tuesday gained 71 cents to reach $87.19 per barrel. WTI crude also increased $1.06 to reach $84.88/bbl.
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