6 things you need to know on Tadawul today

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

1) National Gypsum Co.’s board recommended a 5 percent cash dividend to be issued at SAR 0.50 per share for the fiscal year 2016.

2) AlBaha Investment Co. on Wednesday recommended a 40 percent capital reduction to SAR 177 million from SAR 295 million.

3) Bupa Arabia for Cooperative Insurance’s board of directors has recommended issuing a 15 percent cash dividend (at SAR 1.5 per share) for fiscal year 2016.

4) Northern Region Cement Co.’s shareholders approved a 4.5 percent cash dividend at the rate of SAR 0.45 per share for H1-2016.

5) Prices of construction materials in Saudi Arabia declined in 2016, led by cables with a 14.1 percent year-on-year (YoY) drop.

6) Oil prices snapped out of the negative spell on Tuesday, although they remain close to the three-month low reached in the last session. Brent crude was last up 0.1 percent at $51.39/bbl and WTI crude rose slightly to $48.40/bbl.