9 things to consider as Tadawul starts trading

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

1) Savola Group’s general assembly approved a 10 percent cash dividend for the fiscal year 2017, at SAR 1 per share, amounting to SAR 534 million.

2) Sadara Chemical Company (Sadara) awarded a contract to Al Khobar-based Amec Foster Wheeler and Partners Engineering Co. to set up the first ethylene oxide and propylene oxide pipeline transportation system in the MENA region.

3) Basic Chemical Industries Co. (BCI) awarded a supervision contract to Worly Parsons Arabia Limited for its chlorine derivatives project in Jubail Industrial City.

4) Saudi Ground Services Co. (SGS) shareholders approved a 6.5 percent cash dividend for Q4 2017, at SAR 0.65 per share, amounting to SAR 122.2 million.

5) Net liquid assets of Saudi banks fell 21 percent year-on-year to SAR 86.24 billion in Q1 2018, data compiled by Argaam showed.

6) Aljazira Takaful expects its market share from protection and savings business to exceed 22 percent after acquiring Bank Aljazira’s insurance portfolio, chief executive Sager Bin Abdullatif told Argaam.

7) BATIC Investment and Logistics Co. (BATIC) signed a purchase agreement with UAE-based firms Abdullah Abbar & Sons Cold Stores, Dar Al Abbar Ltd., Abdulrahman Abdullah Abbar and Sons Ltd. and subsidiary Batic Real Estate, to acquire a number of properties for SAR 200 million.

8) Alandalus Property Co.’s general assembly approved a 20 percent cash dividend for the fiscal year 2017, at SAR 2 per share, amounting to SAR 140 million.

9) Thob Al Aseel Co.’s general assembly approved a 40 percent cash dividend for the fiscal year 2017, at SAR 4 per share, amounting to SAR 60 million.