What you need to know when Tadawul opens today

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

1) The National Agricultural Development Co. (NADEC) approved the resignation of CEO Abdulaziz M. Albabtain, effective from March 31, 2020.

2) Jabal Omar Development Co. appointed Dr.  Zeyad Othman Al Hekail as the new chairman, effective Feb. 17, 2020, until June 29, 2021.

3) Amana Cooperative Insurance Co. received the approval the Saudi Council of Cooperative Health Insurance (CCHI) to renew its license for 3 years.

4) Saudi Paper Manufacturing Co. (SPM) terminated the membership of Hassan Asiree from the board based on Article 80 of the labor law.

5) The Company for Cooperative Insurance (Tawuniya) signed an agreement with Fawaz Abdulaziz Alhokair Co. (Alhokair) to provide health insurance coverage for its employees and their families.

6) Basic Chemical Industries Co. (BCI) recommended a 10% cash dividend for the first 9 months of 2019, at SAR 1 per share, amounting to SAR 27.5 million.

7) Alujain Holding Corp. (Alujain Holding) invited shareholders to vote on terminating the current board term on March 10, 2020.

8) The Capital Market Authority (CMA) approved  AlBilad Investment Co.’s request to offer "Albilad Gold ETF" units in an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).

9) Brent crude on Tuesday declined 62 cents to reach $57.05 per barrel. WTI Crude also decreased 36 cents to reach $51.69/bbl.