Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Mulkia Gulf Real Estate REIT will pay a 1.7 percent cash dividend for the Q3 2018, fund manager Mulkia Investment Company said.
2) Arabian Shield Cooperative Insurance Co. (Arabian Shield) has signed a SAR 59 million health insurance contract with Nesma and Partners Contracting Co. Ltd.
3) The National Commercial Bank (NCB) saw a negotiated deal on its stock on Tuesday, where 171,419 shares were privately traded at a negotiated price of SAR 45.30 per share against an official price of SAR 43.55.
4) Saudi Industrial Exports Co. (SIECO) will use its rights issue proceeds to finance new deals, chief executive Hazem Al Dosari said.
5) Tabuk Agricultural Development Co. (TADCO) terminated the memorandum of understanding (MoU) signed with Astra Food Co. to acquire the latter’s agriculture business.
6) Oil prices were up on Wednesday morning, with Brent crude 0.04 percent higher at $81.44 per barrel (bbl), while West Texas Intermediate (WTI) was up 0.11 percent at $72/bbl.
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