7 things to watch on Tadawul today

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

1) The board of directors of Saudi Industrial Investment Group Co. (SIIG) approved distributing 7.5% cash dividend for the second half of 2019, at SAR 0.75 per share, amounting to SAR 337.5 million.

2) Wafrah for Industry & Development Co.'s board of directors recommended reducing capital by 49.44% from SAR 200 million to SAR 101.12 million to offset the accumulated losses.

3) Saudi Vitrified Clay Pipes Co.’s (SVCP) board of directors recommended a 10% cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 15 million.

4) Al Ahsa Development Co. postponed its first and second extraordinary general assembly meetings on Thursday, Dec. 19, 2019, due to lack of quorum.

5) Malath Cooperative Insurance Co. obtained the Saudi Arabian Monetary Authority (SAMA)’s approval to offer a construction guarantee insurance product.

6) Al-Maather REIT Fund signed a memorandum of understanding (MoU) with Al-Roqi National Schools Co. to develop and build Al Roqi National School in south Riyadh at Zahra district.

7) Brent crude on Thursday declined 20 cents to reach $65.94 per barrel whereas WTI Crude also decreased 23 cents to reach $60.21/bbl.