5 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Wednesday.

1) Al Yamamah Steel Industries Co.’s board of directors has recommended withholding cash dividend for the second half of the fiscal year ended Sept. 30, 2018.

2) Saudi Arabia’s Capital Market Authority (CMA) decided to exempt listed-companies from disclosing their financial results for the fourth quarter of 2018.

3) Qualified foreign investors (QFIs) increased their stakes in 47 Tadawul-listed firms on Thursday Jan. 3, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

4) The Saudi Capital Market Authority (CMA) has approved Nama Chemicals Co.’s request to increase capital by SAR 200 million through a rights issue.

5) The Appeal Court in Jeddah has affirmed a previous ruling to reject AlBaha Investment and Development Co.’s claim against two former board members on Jan. 7, 2019.