Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Arabian Mining Company (Maaden) signed two memorandums of understanding (MoUs) with India’s firms IPL Co. and KRIBHCO worth $2 billion to supply five million tons of phosphate fertilizers to the Indian market for five years.
2) National Company for Learning and Education (NCLE) shareholders have approved a 4 percent cash dividend for the second half of the fiscal year 2017-18 ended Aug. 31, 2018, at SAR 0.4 per share, amounting to SAR 17.2 million.
3) Middle East Paper Company (MEPCO) on Thursday renewed and amended its Shariah-compliant bank facilities agreement with Saudi British Bank (SABB).
4) Saudi Ground Services Co. (SGS) and Jabal Omar Development Co. have extended the non-binding memorandum of understanding (MoU) to study building a new passenger terminal at King Abdulaziz International Airport and Taif Regional Airport.
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