6 things to watch on Tadawul today

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

1) Saudi Arabian Fertilizers Co.’s (SAFCO) board of directors has recommended a 15 percent cash dividend for the second half of 2018, at SAR 1.5 per share, amounting to SAR 625 million.

2) Jarir Marketing Co., which operates Jarir Bookstores, opened a new showroom in Al Khobar at a total cost of SAR 156 million.

3) Saudi Industrial Export Co. (SIECO) has extended its contract with Saudi Aramco Base Oil Co. (Luberef) to buy its full production of sulfur for two years starting from Jan. 1, 2019

4) Sahara Petrochemical Co. has acquired Sanabil Investments’ 30 percent stake, or 24 million shares, in Khair Inorganic Chemical Industries (InoChem) for SAR 242 million.

5) Emaar The Economic City (Emaar EC) has appointed Ahmed Bin Ibrahim Linjawy as the chief executive officer from Dec.17.

6) Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, has issued monitoring as well as licensing regulations for branches of foreign insurance and re-insurance companies operating in Saudi Arabia.