5 things to watch on Tadawul today

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

1) Buruj Cooperative Insurance Co.’s board of directors has recommended a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 30 million.

2) Fawaz Abdulaziz Alhokair Co.’s shareholders have approved to fully acquire Innovative Union Co., owned by Food and Entertainment Company, for SAR 340 million.

3) Sahara International Petrochemical Co.’s (Sipchem) general assembly has approved a cash dividend of 6 percent for the first half of 2019, at SAR 0.6 per share, amounting to SAR 439.99 million.

4) The Saudi Commission for Tourism and National Heritage and The Saudi Arabian General Investment Authority (SAGIA) have signed a number of agreements worth SAR 100 billion with several domestic and international tourism firms.

5) Brent crude on Friday fell 83 cents to reach $61.91 per barrel whereas WTI Crude also decreased 50 cents to reach $55.91/bbl.