10 things to watch on Tadawul today

Tadawul trading screen

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

1) Halwani Bros. Co.’s board of directors recommended paying 20% cash dividend, or SAR 2 per share, for 2021.

2) Qassim Cement Co. entered into a preliminary agreement with Chinese firm, CDI, for engineering, supply and construction of a cement mill in its Buraydah cement plant.

3) Dur Hospitality Co. inked a SAR 82.5 million contract with Al Marshad Contracting Co. to construct a luxurious residential compound in Riyadh.

4) Gulf Union AlAhlia Cooperative Insurance Co. submitted a request for capital increase via a rights issue to the Capital Market Authority (CMA).

5) Knowledge Economic City's (KEC) board of directors decided to appoint Mohammad Al-Mubarak as CEO.

6) National Building and Marketing Co.’s (NBM) wholly-owned subsidiary, Ajeej Steel Manufacturing Co. signed an agreement to reschedule an outstanding loan facility of SAR 91 million with the Saudi Industrial Development Fund (SIDF).

7) Arabian Internet and Telecommunication Co. (solutions) signed a number of contracts worth SAR 156.18 million with stc, a related party, to implement a centralized storage server and Internet gateway through IP multi-protocol label switching in addition to network expansion.

8) Aseer Trading, Tourism and Manufacturing Co.'s board of directors approved to utilize SAR 92.4 million of the SAR 311.7 million statutory reserves to offset its accumulated losses.

9) Batic Investments and Logistics Co. completed the procedures required for transferring the 35% stake owned by its subsidiary, Arabian Company for Security and Safety Solutions in Smart Cities Solutions for Communications and Information Technology, to the parent company.

10) Brent crude rose 25 cents to reach $79.48 per barrel, while WTI crude gained 25 cents to hit $76.81 per barrel on Thursday morning.