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Saudi Arabian hospitality firms weigh $2 4bn merger

10 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Wednesday. 1) Advanced Petrochemical Co.’s (Advanced) board of directors recommended a 6.5 percent cash dividend for the fourth quarter of 2020, at SR0.65 ($0.17) per share, amounting to SAR 140.7 million. 2) Al Yamamah Steel Industries Co. posted a net profit after Zakat and tax of SR50.7 million for the fiscal year ending on Sept. 30, 2020. 3) Samba Financial Group’s board of directors approved the resignation of Rania Mahmoud Nashar from the position of Group CEO, effective Jan. 31, 2021. 4) Saudi Industrial Investment Group’s (SIIG) board of directors recommended a 5 percent cash dividend for the second half of 2020, at SR0.5 per share.

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