8 things to consider as Tadawul starts trading

Here are a few things you need to know as Saudi stocks start trading on Monday.

1) The Saudi Stock Exchange (Tadawul) inked a memorandum of understanding (MoU) with Argaam Investments Co. to increase investor awareness and enhance the role of investor relations in the local equity market.

2) Savola Group has signed a binding share purchase agreement to acquire 51 percent of Dubai-based Al Kabeer Group for SAR 565.5 million in cash.

3) Dar Al-Arkan Real Estate Development Co. will start the sale of Phase 4 of Shams Ar-Riyadh project, ahead of the holy month of Ramadan, Dar Al-Arkan's Chairman Yousef Al-Shelash told Argaam.

4) Saudi Airlines Catering Co.’s board of directors has recommended a 13.5 percent cash dividend for Q1 2018, at SAR 1.35 per share, amounting to SAR 110.7 million.

5) City Cement Co.’s general assembly has approved a 4 percent cash dividend for the fiscal year 2017, at SAR 0.4 per share, amounting to SAR 75.68 million.

6) Abdullah Al Othaim Markets Co. has opened a new branch in Buraydah, bringing its total branches in Saudi Arabia to 201

7) Saudi Telecom Co. (STC) has extended the memorandum of understanding (MoU) signed with the General Sports Authority (GSA) and Saudi Football Federation for the second time.

8) Oil prices rose on Monday amid concerns over US action against Iran deal. Brent crude was last up 1.2 percent at $75.75/bbl, while WTI crude rose 1.1 percent to $70.45/bbl.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com