Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Etihad Etisalat Co. (Mobily) appointed Eng. Salman Abdulaziz R. AlBadran as its new chief executive officer.
2) Arriyadh Development Co.’s (ARDCO) board of directors has recommended a 33.33 percent capital hike to SAR 1.33 billion from SAR 1.78 billion through the issue bonus shares.
3) Riyad Bank shareholders on March 19 will discuss paying cash dividend for H2 2018 at 4 percent of capital, or SAR 0.40 a share, totaling SAR 1.2 billion.
4) Thob Al Aseel Co.’s board of directors has recommended a 10 percent cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 30 million.
5) Arabian Pipes Co. won a SAR 41 million contract to supply longitudinal submerged arc-welded (LSAW) pipes to Saudi Aramco.
6) Nama Chemicals Co. has appointed Hazem Al-Fardan as its new board chairman and Abdullah Al-Essa as deputy chairman, effective from Feb. 24, 2019 until the end of the current board term.
7) Jadwa REIT Saudi Fund’s unaudited net asset value (NAV) came in at SAR 1.74 billion by the end of 2018, based on fair value, Jadwa Investment said in a statement.
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