8 things to watch on Tadawul today

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

1) Point-of-sale (POS) transactions in Saudi Arabia rose by 30% year-on-year to SAR 25.85 billion in November 2019, according to data from the Saudi Arabian Monetary Authority.

2) The Capital Market Authority approved Walaa Cooperative Insurance Co.’s request to increase its capital from SAR 528 million to SAR 646.4 million to merge it with MetLife AIG ANB Cooperative Insurance Co.

3) Bank Saudi Fransi’s (BSF) board of directors recommended a 10% cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 1.2 billion.

4) Riyad Bank’s board of directors recommended a 5.5% cash dividend for the second half of 2019, at SAR 0.55 per share, amounting to SAR 1.65 billion.

5) Bawan Company (Bawan) postponed a merger deal of 2 subsidiaries until the first quarter of 2020.

6) Tabuk Agricultural Development Co. (TADCO) invited shareholders to submit their candidature for board members elections.

7) AlBaha Investment and Development Co. (AlBaha) received on Dec. 29 a resolution from the Zakat and Tax Dispute Resolution Committee approving the dispute settlement related to the zakat assessment for the period 2000-2010.      

8) Brent crude gained 0.41% on Tuesday to $68.44 per barrel whereas WTI crude declined 0.1% to $61.62/bbl.