Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Saudia Dairy and Foodstuff Co.’s (SADAFCO) board of directors declared a 30% cash dividend for the first half of fiscal year ending March 31, 2022, at SAR 3 share, amounting to SAR 96 million.
2) Al Yamamah Steel Industries Co. signed two contracts with Hyundai Engineering & Construction (E&C) at a total value of $77.8 million (SAR 292 million).
3) Tourism Enterprises Co. (Shams) announced that the six-month contract worth $20,600 signed with US-based Apogee Attractions LLC, on Feb. 24, 2019, to provide consultancy, studies, designs, and development plans for recreational services at the Palm Beach Resort expired on Aug. 23, 2013.
4) Ataa Educational Co. renewed a Sharia-compliant credit facilities agreement worth SAR 50 million with Saudi National Bank (SNB).
5) Albilad Capital announced the distribution of a cash dividend to Albilad Saudi Sovereign Sukuk ETF unitholders for December 2021, at SAR 0.0054 per unit, or 0.06% of net asset value
6) Brent crude on Wednesday declined 22 cents to reach $79.78 per barrel. WTI crude also decreased 22 cents to reach $76.7/bbl.
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