8 things you need to know on Tadawul today

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

1) Red Sea International Co. said that financial dues of its housing project for police officers in Papua New Guinea reached SAR 38.69 million, adding that the country’s government has promised to pay off all dues in the upcoming period. Police officers and their families refused to evacuate houses constructed for them by the developer, asking the firm to settle the ongoing dispute with the government.

2) The general assembly of the National Company for Glass (Zoujaj) approved transferring 10 percent of net profit to the statutory deposit account and transferring the remaining net profit of SAR 18.25 million into the retained earnings account.

3) Halwani Bros Co. will pay a cash dividend of SAR 2.5 per share for FY16 on April 24.

4) Sahara Petrochemicals Co. has extended the maintenance period of Al Waha Petrochemical Co., as well as Sahara and Maaden Petrochemical Co. (SAMAPCO) due to additional technical issues, the company said in a statement to Tadawul.

5) Umm Al-Qura Cement Co. has relocated its administrative headquarters, the cement producer said in a statement to the Saudi bourse, Tadawul.

6) Alinma Bank shareholders have approved a 5 percent cash dividend for 2016 at SAR 0.5 a share, totaling SAR 745 million after deducting zakat.

7) Saudi Real Estate Co.’s (Al Akaria) shareholders on Thursday approved a 5 percent cash dividend (SAR 0.5 per share) for H2 2016, bringing the total dividend for the fiscal year 2016 to SAR 1 per share.

8) Oil prices rose amid fears of regional supply disruption following US airstrikes on Syria. Brent crude was last up 0.4 percent at $55.46/bbl and WTI crude rose 0.5 percent to $52.49/bbl.