What you need to know when Tadawul opens today

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

1) The Saudi Arabian Monetary Authority (SAMA) launched a SAR 50 billion financing package to support the private sector and mitigate the potential economic impacts of the coronavirus.

2) Jarir Marketing Co. recommended a 22% cash dividend for the fourth quarter of 2019, at SAR 2.2 per share, amounting to SAR 264 million.

3) Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 17.2 million for the fiscal year 2019, an increase of 18% year-on-year (YoY).

4) Herfy Food Services Co. recommended an 11% cash dividend for the second half of 2019, at SAR 1.1 per share, amounting to SAR 71.15 million.

5) Al Moammar Information Systems (MIS) renewed and amended a Shariah-compliant Murabaha agreement worth SAR 60 million with Gulf International Bank (GIB).

6) Astra Industrial Group recommended withholding dividend for FY2019 to strengthen the company’s solvency and financial position.

7) Middle East Healthcare Co. (MEAHCO) reported a drop of 43% YoY in net profit after Zakat and tax to SAR 97.6 million for FY2019.

8) Arriyadh Development Co. (ARDCO) recommended a 5% cash dividend for the second half of 2019, at SAR 0.50 per share, amounting to SAR 88.88 million.

9) Makkah Construction and Development Co. recommended a 15% cash dividend for the fiscal year ending Dec. 26, 2019, at SAR 1.5 per share.

10) Brent crude on Thursday declined $1.46 to reach $34.33 per barrel. WTI Crude also decreased $1.26 to reach $31.72/bbl.