7 things to watch on Tadawul today

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

1) Samba Financial Group’s (Samba) board of directors recommended a 7% cash dividend for the second half of 2019, at SAR 0.07 per share, amounting to SAR 1.39 billion.

2) Saudi Arabia's Ministry of Finance issued SAR 69.8 billion worth of government domestic sukuk in 2019.

3) The Riyadh commercial court approved the financial restructuring plan submitted by Saudi Indian Company for Cooperative Insurance (Wafa Insurance).

4) Saudi Industrial Investment Group (SIIG) announced that its 50% owned joint ventures, Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP), will reduce their capital.

5) Saudi Vitrified Clay Pipes Co. (SVCP) signed a non-binding memorandum of understanding (MoU) with Advanced Piping Solutions to acquire 75% of the latter’s shares for a cash consideration.

6) Banque Saudi Fransi (BSF) signed an agreement with Baud Telecom Co. (BTC) to launch the electronic signature service (Emdaa) in Saudi Arabia.

7) Brent crude on Friday declined 39 cents to reach $64.98 per barrel whereas WTI Crude also decreased 52 cents to reach $59.04/bbl.