Arab News, Sunday, Jan 17, 2021 | Jamadi Al Thani 4, 1442
7 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) National Co. for Learning and Education’s (NCLE) shareholders approved the
board’s recommendation to distribute 8% cash dividend, at SAR 0.80 per share,
for the fiscal year ending Aug. 31, 2020.
2) Swicorp Wabel REIT Fund reported a net profit of SAR 9.2. mln (SAR
0.08/unit) for Q4 2020, compared to SAR 2.5 million a year earlier.
3) Mulkia Gulf Real Estate REIT Fund started a legal action against Saba Real
Estate Co. Ltd., the tenant of Jeddah Dinar Commercial Building, requesting
payment of the rental dues owed to the fund.
4) Al-Samaani Factory for Metal Industries Co. rebranded into Sadr Logistics
Services Co.
5) United Cooperative Assurance Co. (UCA) approved the election of new board of
directors for the upcoming three-year term, ending Jan. 12, 2024.
6) The General Authority for Competition (GAC) imposed a fine of SAR 3
million on National Gas and Industrialization Co. (GASCO), as the company abused
its dominant position.
7) Brent crude on Friday declined $1.32 to reach $55.10 per barrel. WTI crude
also decreased $1.21 to reach $52.36/bbl.