6 things to watch on Tadawul today

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

1) Global index provider MSCI Inc on Monday announced it would include the MSCI Saudi Arabia Indexes in Emerging Markets Indexes.

2) The Saudi Stock Exchange (Tadawul) has issued the amendment of the Trading and Membership Rules, which comes into effect starting Sunday, May 19.

3) Yanbu Cement Co.’s shareholders are set to vote on a 5 percent cash dividend for the second half of 2018, at SAR 0.5 per share, during the general assembly meeting that will be held on June 10, 2019.

4) Shareholders of SABB Takaful have elected a new board of directors for the next three-year term, starting May 15, 2019, the company said in a statement to Tadawul on Tuesday.

5) Arabian Centres Co.’s initial public offering (IPO) closed on May 14, Tuesday, with the conclusion of the retail offering.

6) Brent crude on Wednesday declined 27 cents to reach $70.97/bbl, while WTI crude also decreased 44 cents to $61.34/bbl.