Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed a Sharia-compliant financing facility agreement with National Commercial Bank (NCB) worth SAR 40 million.
2) Bawan Co.’s 85.5%-owned subsidiary, United Transformers Electric Co., signed a SAR 82.4 million agreement with Saudi Electricity Co. (SEC) to supply electrical distribution transformers.
3) Electrical Industries Co. (EIC) said two of its subsidiaries signed electrical equipment supply agreements, worth SAR 84 million, with SEC.
4) Leejam Sports Co. (Fitness Time) signed an exclusive five-year contract worth $50 million with Technogym.
5) The Capital Market Authority (CMA) approved a request by Naseej International Trading Co. to reduce its capital to SAR 61.63 million from SAR 178.16 million.
6) Brent crude on Friday gained 38 cents to reach $48.18 per barrel while WTI crude decreased 18 cents to reach $45.53/bbl.
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