6 things to watch on Tadawul today

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

1) Aljazira Bank’s board of directors has recommended a 5 percent cash dividend for the fiscal year 2018, at SAR 0.5 per share, amounting to SAR 410 million.

2) Nomu-listed Al Kathiri Holding Co.'s wholly owned company signed a contract worth SAR 10.42 million on Sunday with Ministry of Defense - Royal Saudi Air Force, to supply 5,000 concrete barriers.

3) Saudi Arabian Fertilizers Co. (SAFCO) will halt operations at its SAFCO 3 plant as of Jan. 11 for 117-day scheduled maintenance.

4) Al Rajhi Bank’s board of directors has recommended a 53.8 percent capital hike to SAR 25 billion from SAR 16.25 billion through the issue of bonus shares.

5) Gulf Union Cooperative Insurance Co.’s shareholders are set to vote on a proposed capital hike to SAR 241.94 million from SAR 150 million by issuing 9.194 million ordinary shares, on Jan. 27, 2019.

6) Makkah Construction and Development Co.’s board of directors approved the resignation of board director, Mohammed Al Issa, effective Jan. 6.