7 things to watch on Tadawul today

30/05/2022 Argaam Special


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

 

1) National Agricultural Development Co. (NADEC) said a deed was issued in its favor to own a 193.08 million sqm land plot in Hail, by the Ministry of Environment, Water and Agriculture (MEWA).

 

2) Al Moammar Information Systems Co. (MIS) signed a contract worth SAR 79.8 million, including value-added tax (VAT), to maintain medical devices and equipment at Al-Noor Specialist Hospital in Makkah. 

 

3National Gypsum Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 10% of capital, or SAR 1 a share, for 2021.

 

4) Emaar The Economic City (Emaar EC) signed a lease contract worth SAR 32.36 million with Saudi Airlines Real Estate Development Co. (SARED).

 

5Jabal Omar Development Co.’s accumulated losses decreased to 13% of capital, as on Dec. 31, 2021, to reach SAR 1.179 billion.

 

6) SEDCO Capital announced the signing of an agreement to acquire Ajdan Entertainment Complex in Al-Khobar for a total value of SAR 164.75 million, excluding the real estate transactions tax and acquisition fees.

 

7Brent crude gained 0.54% to reach $120.08 per barrel. WTI crude added 0.84% to reach $116.04/bbl.

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