5 things to watch on Tadawul today

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

1) Dur Hospitality Co.’s board of directors has recommended a 2.5 percent cash dividend for the second half of 2018, at SAR 0.25 per share, amounting to SAR 25 million.

2) Saudi Arabia's General Authority of Zakat and Tax (Gazt) has issued new zakat collection regulations set to be implemented by the beginning of 2020, it said in a statement. 

3) Nomu-listed Baazeem Trading Co.’s board of directors has recommended a 15 percent cash dividend for fiscal year 2018, at SAR 1.50 per share, amounting to SAR 15.2 million.

4) Methanol Chemicals Co. (Chemanol) reported a net profit after zakat and tax of SAR 46.2 million for fiscal year 2018, versus a net loss of SAR 27.7 million a year earlier, driven by a rise in average selling prices and strong performance in the majority of company’s plants.

5) National Petrochemical Co. (Petrochem) shareholders on April 7 will discuss the board’s recommendation on paying cash dividend at 5 percent, or SAR 0.5 per share, totaling SAR 240 million for the fiscal year of 2018.