10 things to watch on Tadawul today

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

1) Arabian Cement Co.’s board of directors approved the appointment of Abdullah Mohammed Nour Rahimi as chairman and Saud Abulaziz Al Suliman as vice chairman.

2) Saudi Industrial Investment Group (SIIG) will pay 5% cash dividend (SAR 0.5 per share) to shareholders for the second half of 2020 on Jan. 14, 2021.

3) National Building & Marketing Co.’s (NBM) shareholders approved the board’s recommendation on increasing capital from SAR 60 million to SAR 120 million through the issuance of 100% bonus shares (1-for-1).

4) Derayah Financial will distribute cash dividend to Derayah REIT Fund unit holders for the fourth quarter of 2020, at SAR 0.204 per unit, or 2.04% initial price per unit.

5) Musharaka Capital will distribute 3% cash dividend to Musharaka REIT Fund unit holders for the period from July 1 to Dec. 31, 2020, at SAR 0.30 per unit, amounting to SAR 26.40 million.

6) Maharah Human Resources Co. entered into an agreement with Saudi-based Argaam Investment Co. to design an investor relations (IR) web page on its website, and launch a special IR service for smartphones.

7) Saudi Arabian Fertilizer Co. (SAFCO) changed its name to SABIC Agri-Nutrients Co. on the Saudi Stock Exchange (Tadawul) following the approval of the extraordinary general assembly meeting held on Nov. 18, 2020.

8) National Medical Care Co. (Care) obtained regulatory approval to extend its medical services contract for work-related injuries with General Organization for Social Insurance (GOSI), for a period of 90 days, in its Riyadh hospitals.

9) Jarir Marketing Co. opened a new showroom in Jeddah Governorate at a total investment of SAR 25 million.

10) Brent crude on Monday gained 71 cents to reach $52.51 per barrel. WTI crude also increased 61 cents to reach $49.13/bbl.