Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Nama Chemicals Co. announced the developments of its Zakat assessments to date, saying that the final assessment amounted to SAR 140.02 million from 2000 to 2020.
2) Al Moammar Information Systems Co. (MIS) will proceed with the memorandum of understanding (MoU) signed with Al Rajhi Capital to launch a special Shariah-compliant investment fund worth SAR 1 billion.
3) Wataniya Insurance Co. received from Private Wealth Investment Holding Co., confirming the purchase agreement to acquire The Saudi British Bank’s (SABB) entire stake.
4) Sadr Logistics Co. announced that the rump offering was 7,011% oversubscribed.
5) Batic Investments and Logistics Co.’s rights issue was 84.9% covered, as subscribers injected SAR 254.7 million in 25.47 million new shares.
6) Bawan Co. announced the completion of the insurance claim related to the fire incident at a factory of one of its subsidiaries, ARNON Plastic Industries Co.
7) MIS announced finalizing approvals and licenses to launch operations at its new FinTech company.
8) Brent crude on Monday gained 29 cents to reach $76.43 per barrel while WTI crude decreased 54 cents to reach $73.25/bbl.
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