Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) The Saudi Stock Exchange (Tadawul) has set up a new division for listing and appointed Nayef Al-Athel as its new head.
2) Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful) shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on May 19.
3) Zahrat Al Waha Trading Co. said it will pay cash dividend for the fiscal year 2018 on June 13, 2019.
4) Gulf Union Cooperative Insurance Co.’s shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on May 19.
5) Zahrat al Waha Trading Co.’s shareholders have approved a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 15 million
6) Abdullah A. M. Al-Khodari Sons Co. expects to issue FY 2018 financial statements before the end of May 2019.
7) The Securities Depository Center Company (Edaa) deposited yesterday Arabian Centers Co.’s subscribed shares after the initial public offering (IPO) into investors’ portfolios.
8) Brent crude on Tuesday gained 17 cents to reach $72.14/bbl, while WTI crude also increased 21 cents to $63.31/bbl.
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