Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) National Petrochemical Co. (Petrochem) board of directors has recommended a 5 percent cash dividend for the fiscal year of 2018, at SAR 0.5 per share, amounting to SAR 240 million.
2) Saudi Industrial Services Co.’s (SISCO) board of directors has recommended a 4 percent cash dividend for the fiscal year of 2018, at SAR 0.4 per share, amounting to SAR 32.64 million.
3) Al Yamamah Steel Industries Co. has inked a SAR 44.06 million agreement to supply electric towers to Saudi Services for Electro Mechanic Works Co.
4) Standard and Poor’s (S&P) has maintained its BBB credit rating on Wataniya Insurance Co. with a "stable" outlook.
5) The Capital Market Authority (CMA) extended on Tuesday the suspension of Saudi Indian Company for Cooperative Insurance (Wafa) from trading.
6) Dallah Healthcare Co. reported a 51.9 percent decline in net profit after zakat and tax for the fiscal year (FY) 2018, amounting to SAR 141.8 million as compared to SAR 295 million in FY 2017.
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