6 things to watch on Tadawul today

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

1) Saudi Arabian Amiantit Co.’s shareholders have approved a 70.2 percent capital cut to SAR 344.52 million from SAR 1.155 billion during the extraordinary general assembly meeting held on Sept. 8, 2019.

2) Zahrat Al Waha for Trading Co. launched on Sept. 8 commercial operations of its new production line for manufacturing various sizes of preform.

3) National Industrialization Co. (Tasnee) has inked a Murabaha facility agreement with Saudi British Bank (SABB) and Riyad Bank at a total value of SAR 3 billion.

4) Saudi Industrial Services Co.’s (SISCO) 76 percent owned affiliate, LogiPoint, has booked a SAR 13.5 million provision for doubtful debt representing the total accounts receivables due from a client.

5) The Company for Cooperative Insurance’s (Tawuniya) shareholders has approved amending bylaws articles number 19, 24 and 30.

6) Brent crude on Tuesday gained 11 cents to reach $62.70 per barrel whereas WTI Crude also increased 20 cents to reach $58.05/bbl.