Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) The Taleem Real Estate Investment Traded Fund (Taleem REIT) will begin trading on the Saudi Stock Exchange (Tadawul) on Tuesday, May 30, under the code 4333, with a 10 percent daily price fluctuation limit per unit.
2) Saudi Arabia’s Capital Market Authority on May 29 delisted the shares of Weqaya Takaful Insurance and Reinsurance Company from the Saudi Stock Exchange (Tadawul).
3) Buruj Cooperative Insurance Co. will pay a cash dividend of SAR 0.5 per share for fiscal year 2016 on June 6, 2017.
4) National Gypsum Co.’s shareholders approved a cash dividend of SAR 0.5 per share for fiscal year 2016, to be paid on June 12, 2017
5) Arabian Aramco Total Services Co. said that its parent company, Saudi Aramco Total Refining and Petrochemical co. (SATORP), approved a cash dividend of SAR 0.55 per share for fiscal year 2016 to be distributed to partners in SATORP.
6) Raydan Restaurants and Cuisines Co. has appointed Mahmoud Abdel Ghaffar and Ahmed Omar Mansi as independent board directors.
7) The Securities Depository Center (Edaa) will deposit the additional shares of The National Company for Glass Industries into shareholders’ portfolios today, May 29, the center said in a bourse statement.
8) Middle East Paper Co. (MEPCO) said it will start paying cash dividend for the fiscal year 2016 on Thursday, June 8, the company said in a statement on Monday.
9) Saudi Arabia’s general reserves fell by SAR 4.9 billion month-on-month to SAR 636.9 billion in April 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.
10) Oil prices declined on Tuesday as oversupply weighed. Brent crude was last trading down 0.2 percent at $52.17/bbl while WTI crude rose 0.06 percent to $49.83/bbl.
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