7 things to watch on Tadawul today

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

1) Saudi Cable Co.’s board of directors approved the recommendation passed by the majority of the members to relieve Meyassar A. Nowailati from the post of chairman.

2) Jarir Marketing Co.’s board of directors recommended a 21% cash dividend for the first quarter of 2021, at SAR 2.1 per share, amounting to SAR 252 million.

3) Taiba Investments Co. signed a memorandum of understanding (MoU) with Shuaa Capital Saudi Arabia for the complete buyout of the two companies owning Centro Waha Hotel Riyadh and Centro Shaheen Hotel Jeddah.

4) Alinma Tokio Marine Co. received the renewal of an insurance agreement of banker blanket bond with Alinma Bank.

5) Saudi Chemical Co.'s shareholders approved the board of directors' recommendation to pay 5% cash dividend (SAR 0.5 per share), amounting to SAR 42.16 million, for 2020.

6) Abdullah A. M. Al-Khodari Sons Co. announced the resignation of four board members.

7) Brent crude on Friday declined 48 cents to reach $68.72 per barrel. WTI crude also decreased 53 cents to reach $66.32/bbl.