7 things to watch on Tadawul today

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

1) Qassim Cement Co.'s board of directors recommended the distribution of cash dividends at SAR 0.8 per share, or 8% of capital, for the third quarter of 2021.

2) Anaam International Holding Group Co.’s shareholders elected members of the board of directors for the upcoming three-year term, starting on Nov. 28, 2021.

3) Gulf Union Alahlia Cooperative Insurance Co. obtained the final approval from the Saudi Central Bank (SAMA) on its three products for corporate business.

4) Saudi Arabian Amiantit Co.’s board of directors recommended a 69.06% capital reduction from SAR 320 million to SAR 99 million through writing off 22.1 million shares (one share for every 1.447 shares).

5) Salama Cooperative Insurance Co.'s board of directors appointed Bader Khalid Alanzi as CEO, after obtaining Saudi Central Bank’s (SAMA) no objection letter on Nov. 22.

6) Shares of Development Works Food Co. will list and trade on Tadawul's main market on Nov. 23, with the symbol 6013 and under consumer discretionary/consumer services sector.

7) Brent crude on Wednesday declined 8 cents to reach $82.23 per barrel while WTI crude increased 7 cents to reach $78.5/bbl.