6 things you need to know on Tadawul today

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

1) Saudi International Petrochemical Co. (Sipchem) said it has completed the scheduled turnaround maintenance activities on its affiliate plants. International Gases Company’s carbon monoxide plant, International Acetate Company’s acetic acid plant, and International Vinyl Acetate Company’s vinyl acetate monomer plant have resumed operations.

2) Today is the record date of ANB, Riyad Bank, Zoujaj, and Yansab’s cash dividends of 5.5 percent, 3.5 percent, 5 percent and 15 percent, respectively, for the first half of this year.

3) Tomorrow is the record date of Advanced Petrochemical Co. (Advanced) 2.5 percent cash dividend for the first half of 2017.

4) Yanbu Cement Co. board of directors has recommended cash dividend of SAR 0.75 per share – amounting to SAR 118.13 million – for the first half of 2017.

5) Saudi Arabia’s gross domestic product declined by 0.53 percent to SAR 642.96 billion in the first quarter of 2017, compared to SAR 646.37 billion in the same period last year, according to the General Authority for Statistics.

6) Oil prices closed on Friday with gains. Brent crude added 2.4 percent to reach $48.77/bbl and WTI crude climbed 2.5 percent to $46.04/bbl.