6 things to watch on Tadawul today

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

1) Alujain Corp. cancelled the memorandum of understanding (MoU) to acquire the non-listed National Fertilizers Co. (Mobi) due to a failure to reach an agreement between two parties.

2) Mouwasat Medical Services Co. announced the continuation of the expansion works at its hospital in Dammam, with construction works having reached 74%.

3) Tihama Advertising and Public Relations Co.’s subscription to new shares and the rights trading will start on July 20, 2020.

4) Saudi Paper Manufacturing Co. signed a credit facility agreement to reschedule an outstanding loan with Al Rajhi Bank to support the company’s cash flows and boost the working capital.

5) Taiba Investment Co.’s board of directors recommended a 5% cash dividend for the first half of 2020, at SAR 0.50 per share, amounting to SAR 80.23 million.

6) Brent crude on Friday declined 23 cents to reach $43.14 per barrel. WTI Crude also decreased 16 cents to reach $40.59/bbl.