6 things you need to know on Tadawul today

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

1) Moody's Investors Service has affirmed the B1 corporate family rating (CFR) of Dar Al Arkan Real Estate Development Co. with a stable outlook, the rating agency said in a report.

2) Almarai Co.’s general assembly has approved paying 9 percent cash dividend at SAR 0.90 per share for FY16 on Tuesday, April 4, 2017.

3) United Wire Factories Co.’s general assembly has approved paying 6.5 percent cash dividend at SAR 0.65 per share for H2-2016 on April 10, 2017.

4) Saudi Electricity Co. (SEC) has secured an additional Murabaha finance worth SAR 3 billion, raising its total loan to SAR 8 billion, the company said in a statement.

5) The Saudi Stock Exchange (Tadawul) has launched a new taxonomy upgrade to its disclosure system (Ifsah) to comply with the International Financial Reporting Standards (IFRS), the bourse said in a statement on Sunday.

6) Crude oil prices dipped on Monday as an increase in US rig count offset OPEC’s talks of a possible extension of the six-month output cap deal. Brent crude was last down 0.4 percent at $50.59/bbl and WTI fell 0.7 percent to $47.66/bbl.