7 things to watch on Tadawul today

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

1) Anaam International Holding Group Co.’s board of directors recommended capital hike through SAR 75 million rights issue.

2) National Company for Learning and Education’s (NCLE) shareholders will discuss on Dec. 25 the board’s recommendation to pay cash dividend at 8%, or SAR 0.8 per share for the fiscal year ending Aug. 31, 2019.

3) Baazeem Trading Co. began trading on the Saudi Stock Exchange (Tadawul) on Dec. 4, 2019, with symbol 4051 under consumer discretionary sector.

4) Buruj Cooperative Insurance Co. will pay on Dec. 16 a cash dividend at 10%, or SAR 1 per share, for the fiscal year 2018.

5) Saudi Automotive Services Company (SASCO) signed a SAR 190 million Shariah-compliant bank facility with the Saudi British Bank (SABB), to diversify its investments by subscribing to Saudi Aramco’s IPO.

6) The board of directors of Saudia Dairy and Foodstuff Co. (SADAFCO) approved to repurchase 2.75 million shares and retain them as treasury shares.

7) Brent crude on Thursday declined 7 cents to reach $62.93 per barrel whereas WTI Crude also decreased 23 cents to reach $58.20/bbl.