Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) National Company for Learning & Education (NCLE) shareholders on Feb. 20 will discuss the board’s recommendation on paying cash dividend at SAR 0.40 a share.
2) Gulf Union Cooperative Insurance Co.’s shareholders have approved a capital hike to SAR 241.94 million from SAR 150 million by issuing 9.194 million ordinary shares.
3) Zahrat Al Waha for Trading Co. signed a SAR 30 million sharia-compliant credit facility with Saudi British Bank (SABB).
4) Al Ahlia for Cooperative Insurance Co.’s shareholders are set to vote on the prospective merger with Gulf Union Cooperative Insurance Co. on Feb. 18, 2019.
5) Al Ahlia for Cooperative Insurance was forced to postpone its extraordinary general assembly meeting on Sunday due to a lack of quorum.
6) Saudi Arabia’s Council of Economic Development Affairs (CEDA) officially launched the National Industrial Development and Logistics Program (NIDLP) in the presence of Crown Prince Mohammed bin Salman.
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