‎10 things to watch on Tadawul today

‎10 things to watch on Tadawul today

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

1) Arabian Internet and Communications Services Co.’s (solutions) shareholders approved the board of directors’ recommendation to pay a cash dividend at 40% of capital, or SAR 4 a share, for 2021.

2) Almunajem Foods Co. said that the Saudi Food and Drug Authority (SFDA) imposed a temporary suspension on one of its poultry product categories imported from a country that has reported bird flu cases.

3) Batic Investments and Logistics Co.’s subsidiary, Batic Real Estate Co., acquired a land in Madinah for SAR 126.39 million, excluding tax and commission.

4) Southern Province Cement Co.’s (SPCC) board of directors decided to start construction on a production line with a capacity of 5,000 tons per day (tpd), and develop the infrastructure for another line with a production capacity of 5,000 tpd.

5) East Pipes Integrated Company for Industry signed a contract worth SAR 490 million, including value-added tax (VAT), with the Saline Water Conversion Corporation.

6) E.A. Juffali and Brothers, a substantial shareholder in Wataniya Insurance Co., purchased 1.450 million additional shares, or 3.63% of the company's capital.

7) Gulf Union Alahlia Cooperative Insurance Co. announced the results of rump offering and the