Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Riyad Bank is expected to see improved performance in 2019, compared to a year ago, as the economic mobility increased YoY in Q1 2019, CEO Tarek Al-Sadhan told Argaam.
2) Saudi Cable Co.’s board of directors recommended a capital hike through a SAR 250 million rights issue.
3) Shareholders of Leejam Sports Co. will vote to approve 18.31 percent cash dividend, totaling SAR 95.9 million, for fiscal year 2018, on May 7.
4) Mulkia Gulf Real Estate REIT Fund will pay a 1.7 percent cash dividend for the first quarter of 2019, at SAR 0.17 per unit, amounting to SAR 10.2 million, according to fund manager, Mulkia Investment Co.
5) Saudi German Hospitals, run by Middle East Healthcare Co. (MEAHCO), opened a new hospital in Ajman with a total cost of $81.74 million.
6) S&P Global Ratings on Tuesday lowered its long-term issuer credit and insurer financial strength ratings on Tawuniya to ‘BBB+’ from 'A-'.
7) Crude oil prices edged higher on Wednesday morning, with Brent crude last up 0.4 percent at $71.97/bbl while WTI crude rose 0.7 percent to $64.48/bbl.
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