10 things to watch on Tadawul today

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

1) Saudi White Cement Co.'s board of directors recommended cash dividend payment at 7.5% of capital, or SAR 0.75 a share, for H1 2020.

2) Saudi Telecom Co. (STC) said the memorandum of understanding (MoU) with Vodafone Group to acquire the group’s 55% stake in Vodafone Egypt expired without reaching a deal.

3) Al Moammar Information Systems Co. (MIS) renewed and modified SAR 120.24 million worth of a Sharia-compliant credit facility (Murabaha) with Samba Financial Group.

4) Saudi Electricity Co. (SEC) successfully completed issuance of a $1.3 billion dual-tranche international green sukuk.

5) Arabian Centres Co. sold its remaining shares in Al Bawarij International for Development & Real Estate Investment Co. (Al Bawarij) for a total of SAR 40.4 million on Sept. 10, 2020.

6) Aljazira Capital, the fund manager of Aljazira REIT Fund, said that Takhzeen Logistics Co., the tenant of the warehouse complex 3, bloc 10, defaulted on a number of rent payments.

7) Shareholders of Gulf Union Cooperative Insurance Co. will vote, on Oct.5, on the terms and conditions of the company’s merger deal signed with Al-Ahlia Insurance Co.

8) The creditors' objection period on United Wires Factories Co.’s (Aslak) capital cut expired yesterday, Sept. 13, 2020.

9) Al-Samaani Factory for Metal Industries Co.’s board of directors approved the resignation of Saad Al-Shammari, board member and head of the audit committee, for personal reasons.

10) Brent crude on Monday gained 12 cents to reach $39.95 per barrel. WTI Crude increased 20 cents to reach $37.53/bbl.