9 things you need to know on Tadawul today

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

1) Jarir Marketing Co., which owns Jarir bookstores, expects a single-digit growth in sales next year, following a double-digit pace in 2017, Reuters reported, citing chairman Muhammad Al-Agil.

2) Qassim Investment Holding Co.’s board of directors has extended the appointment of acting CEO Fahd al Barak for another three months until March 31, 2018. The company also extended Ahmed Al Barak’s duty as managing director and general supervisor of its Saudi Dates Factory for six months until June 30, 2018.

3) Arabian Cement Co. will pay an exceptional cash dividend of SAR 2 per share to its shareholders on Dec. 19, it said in a bourse statement.

4) Aldrees Petroleum and Transport Services Co.’s shareholders have elected the board of directors for the upcoming three-year term, starting Dec. 22.

5) Alandalus Property Co. has named Abdulrahman Al Barak as a new member of its board of directors, effective Dec. 4.

6) Saudi Industrial Export Co. (SIEC) has submitted a request to the Capital Market Authority (CMA) to reduce capital by 90 percent. Last month, the company’s board of directors had proposed a capital cut to SAR 10.8 million from SAR 108 million, in order to offset accumulated losses.

7) The CMA has approved Blominvest’s request to offer, register and list units of the Blom Fund of REITs on the Saudi Stock Exchange (Tadawul).

8) The regulator has also approved NCB Capital’s request to offer, register and list units of the AlAhli REIT Fund (1) on Tadawul.

9) Oil prices declined on Monday, with Brent crude last down 0.5 percent at $63.42/bbl, while WTI fell 0.7 percent to $57.96/bbl.