Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Samba Financial Group reported net profit of SAR 5.53 billion for fiscal year 2018, a rise of 10 percent year-on-year (YoY), attributed to higher net special commission income and other operating income.
2) Saudi Agricultural & Livestock Investment Co. (SALIC) on Wednesday completed the acquisition of Almarai’s 66 percent stake in United Farmers Holding Co. (UFHC).
3) Saudi Real Estate Co.’s board of directors has recommended a 5 percent cash dividend for the fiscal year 2018, at SAR 0.5 per share, amounting to SAR 120 million.
4) Mulkia Gulf REIT Fund will pay a 1.7 percent cash dividend for Q4 2018, at SAR 0.17 per unit, amounting to SAR 10.2 million.
5) Tabuk Cement Co. successfully exported 6,950 tons of cement to Yemen as per the memorandum of understanding (MoU) it signed with International Tataloat Company.
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