9 things to watch on Tadawul today

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

1) Al Rajhi Bank’s board of directors recommended a 20 percent cash dividend for H1 2018, at SAR 2.00 per share, amounting to SAR 3.25 billion.

2) Arriyadh Development Co.’s (ARDCO) board of directors approved a 5 percent cash dividend for H1 2018, at SAR 0.50 per share, amounting to SAR 66.67 million.

3) Mobile Telecommunication Company Saudi Arabia (Zain Saudi) swung to a net loss of SAR 115 million in the first half of 2018, compared to net profit of SAR 53 million in year-earlier period.

4) Al Rajhi REIT Fund will pay a 1.74 percent cash dividend for H1 2018, at SAR 0.174 per unit, amounting to SAR 21.24 million, Al Rajhi Capital, the fund manager, said.

5) BATIC Investment and Logistics Co. (BATIC) applied to get the approval of the General Authority for Competition on acquiring a number of companies and assets.

6) Saudi Industrial Export Co. (SIECO) will extend the memorandum of understanding inked with Tri-Spectrum Ltd for three additional months, as of July 15.

7) Al Masha'ar REIT Fund received property lease rentals for the second half of 2018 amounting to SAR 19.32 million.

8) Saudi Arabian Airlines (Saudia) flew 17 million passengers on board over 106,000 domestic and international flights in H1 2018, an 8 percent year-on-year increase.

9) Saudi Arabia is in talks with the UAE and Bahrain to establish a coordinated approach to regulate and nurture fintech startups.