8 things to watch on Tadawul today

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

1) Al Rajhi Bank recommended a 15% cash dividend for the second half of 2019, at SAR 1.5 per share after deduction of Zakat, amounting to SAR 3.75 billion.

2) Al Jouf Cement Co. invited shareholders to attend its extraordinary general assembly (EGM) on Feb. 25.

3) MetLife AIG ANB Cooperative Insurance Co. announced the calculation method for the market value of new shares issued to its shareholders.

4) Abdullah Al Othaim Markets Co. opened a new branch in Martyr Ahmed Hamdy Street in Giza Governorate in Egypt.

5) Al Ahsa Development Co. approved a 50.47% capital hike to SAR 737.32 million from SAR 490 million during the extraordinary general assembly meeting held on Feb. 2.

6) Saudi Company for Hardware (SACO) opened a new store in Riyadh, bringing up the total number of stores to 34 across 18 Saudi cities.

7) Ash-Sharqiyah Development Co. received a decision by the Ministry of Environment, Water and Agriculture confirming the ownership of 72.17 million square meters of agriculture land grant.

8) Brent crude on Tuesday gained 28 cents to reach $54.73 per barrel whereas WTI Crude also increased 36 cents to reach $50.47/bbl.