8 things you need to know on Tadawul today

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

1) Saudi Industrial Export Co. (SIEC) has signed a contract on Monday with Wafrah for Industry & Development Co. to export and distribute Wafrah’s products in Iraq, Jordan and North Africa for one year.

2) Emaar The Economic City Co.’s general assembly elected on Monday, members of the board of directors for the upcoming three-year term starting on Sept. 26, 2017.

3) Saudi Real Estate Co. (Al Akaria) signed on Monday a contract worth SAR 10.9 million with Tecnica Y Proyectos S.A. (TYPSA) to design a mixed-use hotel complex in Al-Aqeeq, Riyadh.

4) Bank Albilad will pay SAR 0.3 per share cash dividend for H1 2017 on Oct. 19, 2017.  

5) Thob Al Aseel Co. will pay SAR 4 per share cash dividend for the period ended September 4, 2017 within 15 days. 

6) Abdullah Al Othaim Markets Co.’s board of directors has recommended a 20 percent cash dividend issued at the rate of SAR 2 per share for the first half of 2017.

7) Arabian Cement Co.’s board of directors recommended a 20 percent “exceptional” cash dividend issued at the rate of SAR 2 per share from retained earnings of the fiscal year 2017.

8) Oil markets extended gains on Tuesday after prices rose more than 3 percent in the previous session. Brent crude hit a 26-month high as Turkey threatened to cut crude flows from Iraq's Kurdistan region and OPEC said market rebalancing was well underway. Brent crude for November delivery was last trading 0.5 percent at $59.29 per barrel (bbl), while WTI was 0.2 percent higher at $52.34/bbl.