Arab News, Sunday, Dec 20, 2020 | Jamadi Al Awwal 5, 1442
8 things to watch on Tadawul today
Saudi Arabia: Here are a few things you need to know as Saudi
stocks start trading on Sunday.
1) Saudi Electricity Co. (SEC) signed a memorandum of understanding (MoU) with
Japan Bank for International Cooperation (JBIC) to finance its existing and
future projects, and promote energy conversion.
2) Etihad Etisalat Co.’s (Mobily) board of directors recommended a 5 percent
cash dividend for the fiscal year 2020, at SR0.5 ($0.61) per share, amounting to
SR385 million.
3) Yamama Cement Co. made an early repayment of the loan installment amounting
to SR738 million from its available cash balance.
4) Rabigh Refining and Petrochemical Co. signed an agreement with TAQAT Co. to
build and operate a new high-quality petroleum coke (petcoke) plant at the
company’s complex.
5) Taiba Investment Co.’s board of directors recommended a 5 percent cash
dividend for the second half of 2020, at SR0.5 per share, amounting to SR80.23
million.
6) Red Sea International Co. signed a facilities management contract worth SR210
million with The Red Sea Development Company (TRSDC).
7) SEDCO Capital, the fund manager of SEDCO Capital REIT Fund, said that a
preliminary ruling was delivered by Jeddah General Court to terminate the lease
contract signed with Dar Al-Masarat Al-Arabia Co. Ltd. for Burj Hayat Hotel
Riyadh.
8) Brent crude on Friday gained 76 cents to reach $52.26 per barrel. WTI crude
also increased 74 cents to reach $49.10/bbl.