Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Al Moammar Information Systems Co.'s (MIS) board of directors recommended a 20% capital increase to SAR 300 million, from SAR 250 million, through issuing one bonus share for every five shares held.
2) Arabian Centres Co. and Fawaz Abdulaziz Alhokair Co.’s subsidiary, FAS Labs, obtained the Saudi Central Bank’s (SAMA) initial approval on setting up FAS Finance - a closed joint-stock digital consumer microfinance company.
3) National Metal Manufacturing and Casting Co. (Maadaniyah) said that its accumulated losses fell to 8.298% of capital to reach SAR 29.38 million.
4) Ataa Educational Co. renewed a Shariah-compliant credit facilities agreement worth SAR 150 million with Banque Saudi Fransi.
5) Sahara International Petrochemical Co. (Sipchem) said that its affiliate Al Waha Petrochemicals Co. signed SAR 1.001 billion Shariah-compliant facility agreement with Banque Saudi Fransi to refinance an existing syndicated bank facility.
6) Alkhabeer REIT Fund will pay a 1.25% cash dividend for the period from Oct. 1 until Dec. 31, 2021, at SAR 0.125 per unit, amounting to SAR 17.63 million.
7) Bonyan REIT Fund completed the acquisition of a real estate asset in Riyadh for a total value of SAR 75 million.
8) Albilad Capital announced the distribution of a cash dividend to Albilad Saudi Sovereign Sukuk ETF unitholders for January, at SAR 0.0533 per unit.
9) Saudi Electricity Co.'s (SEC) shareholders approved the sale and transfer of the company's entire ownership in Saudi Power Procurement Co. (SPPC), the "principal buyer" to the government.
10) Brent crude on Tuesday gained $1.18 to reach $91.21 per barrel. WTI crude also increased 22 cents to reach $88.37/bbl.
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