6 things to watch on Tadawul today

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

1) Standard & Poor’s Global Ratings has affirmed Saudi Arabia’s long- and short-term ratings at “A-/A-2” with a stable outlook.

2) The Saudi Arabian Monetary Authority (SAMA) is expected to issue a banking license to a foreign lender soon, after obtaining royal approval, said Ahmed Abdulkarim Alkholifey, SAMA’s governor.

3) Kingdom Holding Company’s board of directors recommended to issue a 1.25 percent quarterly cash dividend, or 5 percent for the full year, at 12.5 Halalas per share.

4) Red Sea International Co.’s board of directors has recommended holding off on issuing a cash dividend for fiscal year 2018 due to realizing a net loss during the period.

5) Saudi Ground Services Co.’s (SGS) board of directors recommended an 8 percent cash dividend for the second half of 2018, at SAR 0.8 per share, amounting to SAR 150.4 million.

6) Saudi Chemical Co.’s board of directors has recommended a 33.33 percent capital hike to SAR 843.2 million from SAR 632.4 million through the issue bonus shares.