6 things to watch on Tadawul today

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

1) Saudi Pharmaceutical Industries & Medical Appliances Corp.’s (SPIMACO) ordinary general assembly meeting on Jan. 10 refused the request of shareholder Amin bin Mohammed Shaker to dismiss the board of directors.

2) Taleem REIT Fund will pay a 1.6 percent cash dividend for the fourth quarter of 2018, at SAR 0.16 per unit, amounting to SAR 8.16 million, the fund manager, Saudi Fransi Capital, said in a bourse statement.

3) Abdullah Al Othaim Markets Co. has opened two new stores in the northern cities of Dumat Al-Jandal and Tabarjal, the company said on its Twitter account.

4) Saudi Arabia’s Capital Market Authority (CMA) on Sunday approved Dallah Healthcare Company's request to increase its capital from SAR 590 million to SAR 750 million, through issuance of one bonus share for every 3.69 existing shares owned by the shareholders.

5) Al Rajhi Bank has announced that it is entering negotiations to discuss the possibility of merging one of its wholly-owned companies, Al Rajhi Banking and Investment Corp (Malaysia) and Malaysian Industrial Development Finance Bhd (MIDF).

6) United Electronics Co.’s (eXtra) net profit after zakat and tax jumped 14.9 percent year-on-year (YoY) to SAR 161 million in fiscal year (FY) 2018, driven by higher sales across the board on the end-of-year mega sale.