9 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) Herfy Food Services Co. extended its non-binding memorandum of understanding (MoU) with EatRite Food Services, granting it franchise rights to open 50 Herfy restaurant branches in Nigeria.

2) Abdullah Al Otham Markets Co.’s (Al Othaim) board of directors declared a 20% cash dividend (SAR 2 per share) for the first half of 2021, amounting to SAR 180 million.

3) Saudi Investment Bank (SAIB) said treasury shares offering 87% covered.

4) Al Othaim’s board of directors approved the appointment of Mohsen Sager Husain as the new Chief Executive Officer (CEO), effective Oct. 1.

5) Thob Al-Aseel Co.’s shareholders approved electing new board of directors for the three-year term, starting Sept. 4.

6) Raydan Food Co. said that the rights issue remaining shares were 1,822.3% oversubscribed.

7) Al-Jouf Agricultural Development Co. said that the Minister of Environment, Water and Agriculture, Abdul Rahman Al-Fadhli, laid the foundation stone for the French fries factory.

8) Fitaihi Holding Group announced that the creditors' objection period will expire on Sunday, Sept. 5

9) Brent crude on Monday gained 27 cents to reach $72.97 per barrel while WTI crude decreased 11 cents to reach $68.63/bbl.