Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) AlAhli REIT (1) Fund will pay a 3.25 percent cash dividend for the second half of 2018, at SAR 0.325 per unit, amounting to SAR 4.69 million.
2) Saudi Arabia’s Capital Market Authority (CMA) approved Bank Albilad’s request to increase its capital to SAR 7.5 billion from SAR 6 billion, through issuance of one bonus share for every four shares held by the shareholders.
3) Saudi Indian Cooperative Insurance Co. (Wafa Insurance) said on Wednesday that a Saudi court has overturned a previous decision to reject the company’s request for financial restructuring.
4) Mobile Telecommunications Co.’s Saudi Arabia (Zain Saudi) accumulated losses have declined to SAR 1.8 billion, or 30.84 percent of capital as of Dec. 31, 2018.
5) Saudi Telecom Company (STC) has signed an agreement with state-owned Saudi Aramco to bring internet speeds in the oil producer’s communities.
6) Saudi International Petrochemical Co. (Sipchem) reported a net profit after zakat and tax of SAR 583 million for fiscal year 2018, up 33.3 percent year-on-year (YoY).
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