6 things to watch on Tadawul today

05/05/2019 Argaam

 

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

 

1) Mulkia Gulf Real Estate REIT said it will pay cash dividend for the first quarter of 2019 on May 8, 2019.

 

2) Makkah Construction and Development Co.’s general assembly has approved a 20 percent cash dividend for the fiscal year ended Jan. 2019, at SAR 2 per share, amounting to SAR 329.6 million.

 

3) The Saudi Investment Bank (SAIB) is planning to fully redeem its SAR 2 billion, Tier 2 sukuk on June 5, 2019 at face value.

 

4) Abdullah Al Othaim Markets Co. has opened a new branch in Riyadh, bringing its total branches in Saudi Arabia to 222.

 

5) United Electronics Co.’s (eXtra) general assembly has approved a distributed cash dividend of 7.5 percent for the first half of 2018, at SAR 0.75 per share, amounting to SAR 31.5 million.

 

6) Brent crude on Friday gained 10 cents to reach $70.85/bbl, while WTI crude also increased 13 cents to $61.94/bbl.

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