7 things to watch on Tadawul today

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

1) Riyad Bank’s board of directors recommended a 5.4% cash dividend (SAR 0.54 per share) for the second half of 2021, amounting to SAR 1.62 billion.

2) Walaa Cooperative Insurance Co. signed an insurance policy with stc at a total value of SAR 19 million to provide general insurance coverage.

3) Al Hassan Ghazi Ibrahim Shaker Co.’s board of directors amended its capital hike recommendation to SAR 249 million from SAR 250 million through a rights issue.

4) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) announced the issuance of the Commercial Court’s decision in Riyadh on Dec. 15, ending the company’s financial reorganization procedure and opening the liquidation process.

5) Shareholders of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) approved redirecting the use of the offering proceeds as mentioned in the results announcement on Aug. 8 and the prospectus published on June 20.

6) Dar Al Arkan Real Estate Development launched the “DaVinci Residential Tower” in Dubai in partnership with Italy’s Hypercar manufacturer Pagani Automobili, at a total value of AED 800 million (SAR 817.2 million).

7) Brent crude on Friday declined $1.50 to reach $73.52 per barrel. WTI crude also decreased $1.52 to reach $70.86/bbl.