Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Saudi Cement Co.’s board of directors recommended a 17.5 percent cash dividend for H2 2018, at SAR 1.75 per share.
2) Tabuk Agricultural Development Co. (TADCO) exited The Flour Mills Co. and turned its 60 percent stake in the company into a new fodder firm in partnership with Ahmed Hussein Ahmed Al Amri Foundation.
3) Saudi International Petrochemical Co. (Sipchem) will start a three-week shutdown of its polybutylene terephthalate (PBT) plant for scheduled maintenance as of today, Feb. 6.
4) Construction of the new Saudi German Hospital in Dammam is approximately 66 percent complete as on Dec. 31, 2018, Middle East Healthcare Co. (MEAHCO) said in a statement to Tadawul.
5) The ban decision by Saudi Arabian Monetary Authority (SAMA) will weigh on Q1 2019 sales revenue for Union Cooperative Insurance Co., the insurer said in a bourse filing on Wednesday.
6) Saudi Electricity Co.’s (SEC) net profit after zakat and tax dropped 74.16 percent year-on-year (YoY) to SAR 1.78 billion for fiscal year 2018 as the company had non-recurring write off of municipality fees in year-earlier period.
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