8 things you need to know on Tadawul today

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

1) Saudi Automotive Services Company (SASCO) has renewed SAR 439.27 million credit facilities from Banque Saudi Fransi, the company and the bank also agreed to reschedule SAR 44.95 million from the facilities.

2) Saudi British Bank (SABB) has finished setting up SABB Markets Ltd. in the Cayman Islands with the capital of SAR 187,500 to perform REPO activities.

3) Chubb Arabia Cooperative Insurance Co.’s shareholders approved a board’s recommendation to withhold dividend for the fiscal year 2016.

4) Middle East Healthcare Co. (MEAHCO), the operator of the Saudi German Hospitals (SGH), said its board of directors had recommended awarding a SAR 93.3 million contract for renovation works at its hospitals to the International Hospitals Construction Co.

5) Basic Chemical Industries Co. (BCI) will start paying a 10 percent cash dividend of SAR 27.5 million for the fiscal year 2016 (SAR 1 per share) on May 23.

6) Saudi Marketing Co. (Farm Superstores) said that it will deposit a cash dividend of 10 percent (SAR 1 per share) for fiscal year 2016 into shareholders’ bank accounts through the National Commercial Bank on May 23. 

7) Saudi Arabia's Capital Market Authority (CMA) on Wednesday delisted Bishah Agricultural Development Co. (Bishah) from the Saudi Stock Exchange (Tadawul).

8) Crude oil prices declined on Thursday, Brent crude was last trading down 0.5 percent $51.97/bbl and WTI crude fell 0.4 percent to $48.68/bbl.