10 things to watch on Tadawul today

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

1) Saudi Basic Industries Corp (SABIC) board of directors approved the members for a new term until April 2022 at an Ordinary General Assembly meeting held at the company headquarters in Riyadh on April 9.

2) Al Masha'ar REIT Fund posted a net profit of SAR 6.11 million for Q1 2019, according to a bourse filing.

3) Bank Albilad’s shareholders have approved a 25 percent capital hike to SAR 7.5 billion from SAR 6 billion during the extraordinary general assembly meeting held on Tuesday, April 9, 2019.

4) Jadwa REIT Saudi Fund will pay a 1.8 percent cash dividend for the first quarter of 2019, at SAR 0.18 per unit, amounting to SAR 28.44 million, the fund manager, Jadwa Investment Co., said in a bourse statement.

5) AlAbdullatif Industrial Investment Co. said it will pay cash dividend for the fiscal year 2018 on April 10, 2019.

6) Taiba Holding Co.’s shareholders approved on Tuesday the proposed capital hike from SAR 1.5 billion to SAR 1.6 billion through issuing 10.76 million shares.

7) Taleem REIT Fund will pay a 1.6 percent cash dividend for the first quarter of 2019, at SAR 0.16 per unit, amounting to SAR 8.16 million, the fund manager, Saudi Fransi Capital, said in a bourse statement.

8) National Gypsum Co. shareholders have approved a 4 percent cash dividend, or SAR 0.4 per share, for fiscal year of 2018, during the general assembly meeting held on April 9, 2019.

9) Development Works for Food Co.’s board of directors has recommended a 100 percent capital hike to SAR 25 million from SAR 12.5 million through the issue bonus shares.

10) Brent crude on Thursday lost 28 cents to reach $71.45/bbl, while WTI crude also dropped 34 cents to $64.27/bbl.