6 things to watch on Tadawul today

24/03/2019 Argaam

 

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

 

1) Saudi Telecom Co. (STC) is planning to establish an international sukuk program with a total amount of up to $5 billion.

 

2) The Saudi Stock Exchange (Tadawul) will launch Nomu Capped Index (NomuC) today, March 24, as part of the key enhancements announced earlier.

 

3) Al Khaleej Training and Education Co.’s board of directors has recommended holding off on issuing a cash dividend for fiscal year 2018 in order to support the company's financial position and support its future expansions of the education sector.

 

4) Saudi Industrial Development Fund (SIDF) has allocated SAR 3 billion over three years to help 100 factories adopt the fourth industrial revolution (4IR) technologies.

 

5) Zamil Industrial Investment Co.’s board of directors has recommended withholding dividend for FY ending on Dec. 31, 2018.

 

6) Tabuk Cement Co. has signed a contract with Golden Oil Co. to export 500,000 ton of clinker to Yemen, the company said in a bourse statement.

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