Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Al Alamiya for Cooperative Insurance Co.'s shareholders approved withholding dividend for 2020.
2) Zahrat Al Waha for Trading Co. re-paid the full long-term loan to Alinma Bank on June 6, 2021.
3) Fitaihi Holding Group obtained the approval from the Capital Market Authority (CMA) to reduce its capital by 50% from SAR 550 million to SAR 275 million.
4) Al-Baha Investment and Development Co. received a report from the lawyer stating that the company's petition was rejected for the ruling issued on March 1, 2017, which obligates the former chairman and members of the board of directors to pay SAR 68.70 million to the company in addition to legal fees of SAR 1 million.
5) The Capital Market Authority (CMA) approved the listing of a 30% stake, or 6 million shares, of Tanmiah Food Group.
6) Brent crude on Wednesday gained 56 cents to reach $72.78 per barrel. WTI crude also increased 52 cents to reach $70.57/bbl.
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