10 things to watch on Tadawul today

Tadawul trading screen

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

1) Saudi Arabian Oil Co.’s (Saudi Aramco) shareholders elected members of the board of directors for the upcoming three-year term, started July 1, 2021, until June 30, 2024.

2) Banque Saudi Fransi’s board of directors recommended a 6.5% cash dividend for the first half of 2021, at SAR 0.65 per share, amounting to SAR 1.1997 billion.

3) Musharaka Capital announced the distribution of 3% cash dividend to Musharaka REIT Fund unitholders for the first half of 2021, at SAR 0.30 per unit, amounting to SAR 26.40 million.

4) National Agricultural Development Co. (NADEC) extended the memorandum of understanding (MoU) signed last year with Pure Harvest Smart Farms to build and operate high-tech hydroponic climate-controlled greenhouses spanning 60,000 square meters (sqm) for additional four months.

5) Saudi Industrial Investment Group (SIIG) announced the board of directors’ decision to appoint Khalil Ibrahim Al-Watban as the Chairman for the current term.

6) Gulf General Cooperative Insurance Co. said subscription to new shares and the rights trading will start today, July 5.

7) Bupa Arabia for Cooperative Insurance Co. received the confirmation to renew its contract as the health insurance provider for Saudi Basic Industries Corp (SABIC) employees and their families.

8) Seera Group Holding and Kaden Investment announced the signing of a master agreement to develop hotels across Saudi Arabia.

9) Umm Al-Qura Cement Co.'s board of directors approved appointing Abdullah Alabdullatif as Chairman and Saud Al Sabhan as Vice Chairman.

10) Brent crude on Monday declined 10 cents to reach $76.07 per barrel. WTI crude also decreased 12 cents to reach $75.04/bbl.