Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Sahara Petrochemical Co.’s board of directors has recommended a 5 percent cash dividend for the second quarter of 2018, at SAR 0.50 per share, amounting to SAR 219.4 million.
2) Al Sorayai Trading and Industrial Group Co. saw a negotiated deal on its stock on Wednesday, where over 533,500 shares were privately traded at a negotiated price of SAR 13.12 per share against an official price of SAR 14.60.
3) Derayah REIT on Wednesday signed a SAR 1 billion Shariah-compliant facility agreement with Al Rajhi Bank to acquire new assets.
4) Al Sagr Cooperative Insurance Co. has appointed Talal Abdulaziz Fida as an acting chief executive officer (CEO) as of Dec. 2, 2018.
5) Etihad Etisalat Co. (Mobily) signed on Dec. 4 a 10-year credit facility worth around SAR 1.1 billion with several export credit agencies (ECAs) to upgrade its network.
6) Al Hammadi Company for Development and Investment’s fully-owned subsidiary was awarded on Dec. 5 a SAR 20 million deal to supply vaccines to the Ministry of Health.
7) Saudi bank loans granted to the public and private sectors rose 2 percent by October-end to SAR 1.49 trillion compared to SAR 1.47 trillion a year earlier, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
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