5 things to watch on Tadawul today

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

1) National Building and Marketing Co. shareholders approved on Sunday audited financial statements and audit report for the fiscal year ended Dec. 31, 2017.

2) The Nomu-listed Development Works For Food Co. has inked a memorandum of understanding (MoU) with Gulf Co. for Restaurants and Parks Ltd to acquire the franchised fast-food brand, Quiznos Sub.

3) Etihad Atheeb Telecommunication Co. (GO) expects to disclose its annual financial results for the period ending on March 31, 2018 within three months.

4) Shareholders of Amana Cooperative Insurance Co. are set to vote on raising capital to SAR 240 million through a SAR 100 million rights issue on Jan. 28.

5) The Saudi Capital Market Authority (CMA) approved Gulf Union Cooperative Insurance Co.’s request to increase its capital to SAR 241.94 million from SAR 150 million by issuing 9.194 million ordinary shares to acquire all the shares of Al-Ahlia Insurance Co. through securities exchange.