Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Telecom Co.’s (STC) board of directors has recommended paying cash dividend at SAR 1 per share, or 10 percent of the stock’s nominal value for Q4 2018.
2) Saudi Enaya Cooperative Insurance Co. will begin its rights issue today to raise its capital to SAR 300 million from SAR 100 million.
3) Yanbu National Petrochemical Co. (Yansab) on Dec. 13 restarted operations at its ethylene glycol plant after completing regular maintenance and plant expansions.
4) Abdulmohsen Alhokair Group for Tourism and Development Co.’s board of directors accepted the resignation of Fahd Al-Rasheed, an independent director, effective from Dec. 16.
5) Etihad Etisalat Co. (Mobily) signed an agreement with Saudi government authorities to settle all the old disputes and define a new investment framework and a new mechanism for the calculation of service royalties and license royalties.
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