Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Savola Group has appointed Badr Bin Abdullah Al Issa as vice chairman for the board of directors effective April 19, 2017.
2) Zamil Industrial Investment Co.’s shareholders approved 10 percent cash dividend (SAR 1 per share) for H2-2016 to be paid on May 18.
3) Saudi Marketing Co. (Farm Superstores) will pay SAR 1 per share cash dividend for fiscal year 2016.
4) Filling and Packaging Materials Manufacturing Co. has inked a SAR 49 million shariah compliant bank facilities agreement with Riyad Bank.
5) The Saudi Company for Tools and Hardware’s (SACO) general assembly has elected board members for the upcoming three-year term staring on July 20, 2017.
6) The value of assets in Saudi Arabia’s mutual funds rose 19 percent year-on-year (YoY) to SAR 104.5 billion by the end of Q1 2017, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
7) Oil ended last week on a positive note with both Brent crude and WTI crude rising 1.5 percent to close at $49.1/bbl and $46.22/bbl, respectively.
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