Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Etihad Etisalat Co. (Mobily) narrowed net losses after zakat and tax by 82.6 percent year-on-year (YoY) to SAR 123 million for fiscal year 2018, driven by higher revenue and lower call rates.
2) Saudi Investment Bank (SAIB) received the Saudi Arabian Monetary Authority’s (SAMA) approval on re-appointing Abdullah Saleh bin Juma'ah as chairman and Abdulaziz Al-Khamees of as vice-chairman for the new three-year term ending on Feb. 13, 2022.
3) Jadwa REIT Al Haramain Fund will pay a 2.8 percent cash dividend for the second half of 2018, at SAR 0.28 per unit, amounting to SAR 18.48 million.
4) Samba Financial Group has appointed Mohammed bin Abdullah Al-Sheikh as deputy chief executive officer and chief of staff.
5) Saudi-based asset management company, Alkhabeer Capital, announced that Alkhabeer REIT has signed a facility agreement valued at SAR 420 million with Al Rajhi Bank.
6) Bonyan REITS Fund saw three negotiated deal on its stock on Monday, where 2.9 million shares were privately traded at a negotiated price of SAR 8.60 per share against an official price of SAR 8.48.
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