Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) inked a debt rescheduling agreement with the Saudi Investment Bank (SAIB).
2) Riyad Bank’s board of directors recommended a 5% cash dividend, or SAR 0.50 per share, for H1 2021, amounting to SAR 1.5 billion.
3) Taiba Investments Co.’s wholly-owned subsidiary, Al Aqeeq Real Estate Development Co., signed a mutual deal to terminate the lease agreement with Elaf Hotels Co. for Al Majeedi Residential Center in Madinah.
4) Abdullah Al Othaim Markets Co. (Al Othaim) has not yet signed the contract of acquiring the Fourth Milling Co. (MC4), which was earlier expected to be closed on June 20.
5) Al-Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) board of directors approved the appointment of Mahmoud Salem Dahduli as new Chief Executive Officer (CEO), effective July 22.
6) Amlak International for Real Estate Finance Co. received a no-objection from the Saudi Central Bank (SAMA) on the reappointment of Abdullah bin Ibrahim Al-Howaish as Chairman and Mansour Rashid Al-Bosaily as Vice Chairman.
7) Arabian Aramco Total Services Co. partially redeemed SAR 176.9 million worth of sukuk, representing 4.72% of the sukuk’s original face value (scheduled semi-annually).
8) Takween Advanced Industries Co. (Takween) received no-objection from the General Authority for Competition (GAC) to complete the economic concentration process with China-based JOFO Nonwoven Co. Ltd. to sell 70% of its subsidiary, Advanced Fabrics (SAAF).
9) Raydan Food Co.’s shareholders are set to vote on July 13 on a capital hike through a SAR 112.5 million rights issue.
10) Brent crude on Tuesday gained 25 cents to reach $75.15 per barrel while WTI crude decreased 2 cents to reach $7.64/bbl.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}