10 things to watch on Tadawul today

28/03/2019 Argaam

 

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

 

1) State oil giant Saudi Aramco signed a share purchase agreement to acquire a 70 percent majority stake in Saudi Basic Industries Corp (SABIC) from the Public Investment Fund (PIF).

 

2) Dur Hospitality Co.’s shareholders are set to vote on a 2.5 percent cash dividend for the fiscal year 2018 during the general assembly meeting that will be held on April 17, 2019.

 

3) Saudi Automotive Services Co.’s (SASCO) shareholders are set to vote on a 5 percent cash dividend for the fiscal year 2018 during the general assembly meeting that will be held on April 22, 2019.

 

4) The Saudi Stock Exchange (Tadawul) approved the finance ministry’s request to list a SAR 2.395 billion increase in government sukuk issuance (10-1- 2019).

 

5) Saudi Investment Bank’s (SAIB) shareholders on April 18 will approve the board of directors’ report, an audit report and all financial statements for 2018.

 

6) Alinma Bank’s shareholders have approved a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 1.49 billion.

 

7) SEDCO Capital REIT Fund will pay a 1.65 percent cash dividend for the first quarter of 2019, at SAR 0.165 per unit, amounting to SAR 9.9 million, the fund manager, SEDCO Capital, said in a bourse statement.

 

8) Dallah Healthcare Co. signed on March 26 a letter of intent (LoI) with Siemens Healthcare Ltd. to run and provide technical services to the radiology department at Dallah Hospital-Alnakheel for SAR 112 million per year.

 

9) Mobile Telecommunications Co. Saudi Arabia (Zain) has signed an agreement with IHS Holding Limited for the sale and lease back of its passive towers infrastructure.

 

10) Brent crude on Thursday lost 10 cents to reach $67.73/bbl, while WTI crude declined 20 cents to $59.21/bbl.

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