7 things you need to know on Tadawul today

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

1) Saudi Basic Industries Corp. (SABIC) will pay 20 percent cash dividend at SAR 2 per share for H2-2016 on April 23.

2) Mobile Telecommunications Company (Zain) reported a net profit of SAR 45 million in Q1-2017 compared to a loss of SAR 250 million in the same period last year.

3) Al Abdullatif Industrial Investment Co. will pay SAR 0.50 per share cash dividend for fiscal year 2016 on May 4.

4) The general assembly of L’Azurde Company for Jewelry has approved a 5 percent cash dividend (SAR 0.50 per share) for fiscal year 2016.

5) The general assembly of Eastern Province Cement Co. has approved a 15 percent cash dividend (SAR 1.5 per share) for fiscal year 2016. 

6) Al Ahlia Cooperative Insurance will deposit proceeds from selling 2,029 fractional shares worth SAR 23,333 into the accounts of shareholders on April 19 via Samba Financial Group.

7) Oil prices advanced on Wednesday. Brent crude was last up 0.2 percent at $56.35/bbl and WTI crude rose 0.2 percent to $53.49/bbl.