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Top News In சவுதி நிறுவனம் க்கு வன்பொருள் Today - Breaking & Trending Today

Blue-chip banks lead Saudi stocks higher

Dubai: Saudi Arabian stocks closed higher on Wednesday with nearly all banking stocks advancing taking their cue from the $1.9 trillion US stimulus signing into law and as prospects brightened for sooner reopening of economic activities around the world.
Saudi Arabia s benchmark index notched up 0.8 per cent to 9,665 points. Riyad Bank, Alinma Bank, Samba Financial Group and Albilad all moved upward with Saudi British Bank shooting up 2.2 per cent after announcing the completion of Alawaal Bank merger and its full integration.
Dividend factor
Abdullah Al Othaim Markets rose 2.2 per cent after its board of directors recommended SR3 per share as half-year dividends. It had earlier reported a 16.3 per cent jump in fourth-quarter profits. Saudi Company for Hardware also ended the day higher by 1 per cent as its full-year profit soared 39 per cent and its board decided to hand out SR0.75 riyal per share dividend to shareholders. ....

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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.81%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.81%
investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.

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10 things to watch on Tadawul today

1) Seera Group Holding announced the completion of three hotels, which are set to open in 2021.
2) Almarai Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2020, at SAR 1 per share, amounting to SAR 100 million.
3) Dallah Healthcare Co.’s board of directors recommended a 5% cash dividend, at SAR 0.5 per share, for the first half of FY2020.
4) Sahara International Petrochemical Co. (Sipchem) signed a 20-year strategic partnership agreement with Linde GMBH to set up a 50:50-owned joint venture (JV) to develop industrial gas projects across the Kingdom.
5) Sipchem’s board of directors recommended a 5% cash dividend at SAR 0.50 a share, totaling SAR 366.7 million, for FY2020. ....

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