7 things to watch on Tadawul today

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

1) Saudi Aramco shares joined Tadawul All Share Index (TASI) and the Energy Industry Group Index on Dec 18.

2) Saudi Basic Industries Corp.’s (SABIC) board of directors recommended a 22% cash dividend for the second half of 2019, at SAR 2.2 per share, amounting to SAR 6.6 billion.

3) Saudi Aramco Total Refining and Petrochemical Company’s shareholders and board of directors approved signing a list of refinancing contracts of a total value of $2.2 billion (SAR 8.25 billion).

4) Musharaka Capital Co. announced the inclusion of Musharaka REIT Fund in FTSE EPRA Nareit Global Real Estate Index Series, which is specialized in REITs and real-estate companies.

5) Jadwa Investment Co. announced the occurrence of an accident in one of Jadwa Saudi REIT Fund's assets on Dec 17.

6) The Saudi Stock Exchange (Tadawul) lifted the lock-up period imposed on Maharah Human Resource Co.’s major shareholders by the end of Dec. 17 trading session.

7) Abdullah A. M. Al-Khodari Sons Co. announced updates related to its financial restructuring process as one of the bankruptcy law’s procedures.