Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Mulkia Investment Co. announced the distribution of cash dividends to Mulkia Gulf Real Estate REIT Fund unit holders for the period starting Oct. 1, 2019 to Dec. 31, 2019, at SAR 0.17 per unit, or 1.70% initial price per unit.
2) The board of directors of Maharah Human Resources Co. appointed Abdulkarim bin Hamad Al Najidi as the new CEO, effective Jan. 16, 2020.
3) Allied Cooperative Insurance Group (ACIG) recommended a 29.5% capital reduction to SAR 141 million from SAR 200 million to restructure the company’s capital and offset accumulated losses.
4) The Capital Market Authority (CMA) approved Tihama Advertising and Public Relations Co.’s request to increase its capital through SAR 100 million rights issue.
5) Al Sorayai Trading and Industrial Group Company’s shareholders will be able to vote online on the agenda of the extraordinary general assembly meeting that will be held on Jan. 22, 2020.
6) Brent crude on Friday gained 23 cents to reach $64.85 per barrel whereas WTI Crude increased 2 cents to reach $58.54/bbl.
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