10 things to watch on Tadawul today

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

1) Maharah Human Resources Co.’s board of directors recommended a 20% cash dividend for the second half of 2020, at SAR 2 per share.

2) Saudi Arabian Cooperative Insurance Co. (SAICO) swung to a net profit before Zakat of SAR 57.6 million in 2020.

3) National Building & Marketing Co. (NBM) completed the full acquisition of Ajeej Steel Manufacturing Co. Ltd. for a total value of SAR 180 million.

4) Alahli Takaful Co. (ATC) reported a net profit before Zakat of SAR 14.1 million for 2020, a rise of 2% year-on-year (YoY).

5) Electrical Industries Co.’s board of directors recommended a 5% cash dividend at SAR 0.50 a share, totaling SAR 22.5 million, for 2020.

6) Jarir Marketing Co.’s board of directors recommended a 23.5% cash dividend for the fourth quarter of 2020, at SAR 2.35 per share, amounting to SAR 282 million.

7) Middle East Paper Co. (MEPCO) posted a net profit after Zakat and tax of SAR 20.2 million in 2020.

8) Theeb Rent a Car successfully completed the book-building process for institutional investors and set the final offer price at SAR 40 per share, with a coverage ratio amounting to (6,010%) of the total offer shares.

9) The National Company for Glass Industries’ (Zoujaj) board of directors accepted the resignation of its chairman, Riadh Bin Mohammed Bin Abdullah Al Humaidan.

10) Brent crude on Thursday declined 52 cents to reach $67.48 per barrel. WTI crude also decreased 48 cents to reach $64.12/bbl.