The Tadawul All Share Index, TASI, was up by 0.57 percent to 11,328 points in early trading on Wednesday.
Here’s a wrap of market movements as of 10:30 a.m. Riyadh time:
Saudi Arabian Amiantit Co.’s board of directors recommended a 69.06 percent capital reduction from SR320 million ($85 million) to SR99 million through writing off 22.1 million shares (one share for every 1.447 shares).
Qassim Cement Co.’s board of directors recommended the distribution of cash dividends at SR0.8 per share, or 8 percent of capital, for the third quarter of 2021.
Anaam International Holding Group Co.’s shareholders elected members of the board of directors for the upcoming three-year term, starting on Nov. 28, 2021.
Gulf Union Alahlia Cooperative Insurance Co. obtained the final approval from the Saudi Central Bank on its three products for corporate business.
Salama Cooperative Insurance Co.'s board of directors appointed Bader Khalid Alanzi as CEO, after obtaining Saudi Central Bank’s no objection letter on Nov. 22.
Shares of Development Works Food Co. will list and trade on Tadawul's main market on Nov. 23, with the symbol 6013 and under the consumer discretionary/consumer services sector.
