Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Samba Financial Group does not currently have plans to merge with any local banks, Eisa Al-Eisa, chairman of Samba Financial Group told Argaam.
2) Saudi Arabia’s non-oil exports rose 4 percent year-on-year to SAR 17.95 billion in March 2018, data from the kingdom’s General Authority for Statistics showed.
3) Jabal Omar Development Co. elected a new board of directors for the next three-year term, starting June 30, 2018.
4) L'azurde for Jewelry Co. postponed the signing of an agreement to fully acquire Izdiad Commercial Co. of Arabia to the end of July 2018.
5) Derayah REIT signed a SAR 600 million Shariah-compliant financing facility agreement with Riyad Bank, said fund manager Derayah Financial Corporation.
6) Al Tayyar Travel Group Holding Co. paid early installments worth SAR 307 million of long-term loans due in 2019-2020 as well as H1 2021.
7) Walaa Cooperative Insurance Co.’s (Walaa) shareholders approved the board’s recommendation on increasing capital from SAR 400 million to SAR 440 million.
8) Taiba Holding Co.’s board of directors recommended a 4 percent cash dividend for Q1 2018, at SAR 0.40 per share, amounting to SAR 60 million.
9) Buruj Cooperative Insurance Co.'s board of directors recommended not to distribute a cash dividend for the fiscal year 2017.
10) Musharaka REIT signed an agreement with Al Rajhi Bank to obtain facilities worth SAR 400 million, with a six-month SAIBOR rate plus 1.85 percent.
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