5 things to watch on Tadawul today

23/12/2018 Argaam

 

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

 

1) Yanbu National petrochemical Co.’s (Yansab) board of directors has recommended a 20 percent cash dividend for the second half of 2018, at SAR 2 per share, amounting to SAR 1.125 billion.

 

2) Al Ahsa Development Co. has inked a non-binding memorandum of understanding (MoU) to buy out Al Salam Medical Group in a share swap deal.

 

3) Abdullah Al Othaim Markets Co. opened a new store in Al-Nuzhah, Hafar Al-Batin, the company said in a statement.

 

4) Arabian Aramco Total Services Company announced the partial redemption of sukuk in a bourse filing on Thursday.

 

5) Saudi Arabia intends to issue around SAR 120 billion ($32 billion) of bonds next year to help finance its deficit, Finance Minister Mohammed Al-Jadaan said.

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