Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Saudi Real Estate Co. (Al Akaria) purchased undeveloped land plot in east Riyadh at a total value of SAR 727.09 million, excluding the real estate transaction tax and broker's commission.
2) Advanced Petrochemical Co. signed an amendment to the short-term agreement with Saudi Aramco Total Refining and Petrochemical Co. (SATORP) for the supply of propylene.
3) Kingdom Holding Co. completed the sale of its 23.75% stake in Four Seasons Holding Inc., through one of its affiliate, Kingdom Investment Co. 1 (TSF), to FS Washington Acquisition Corp., and received cash proceeds of SAR 8.29 billion.
4) Alujain Holding Corp.’s board of directors decided to terminate Khalid Al Dawood’s role as acting CEO and appoint him as CEO.
5) Dr. Sulaiman Al Habib Medical Services Group received a notification from Tabuk Municipality on awarding it a lease contract to build, operate and maintain a hospital on the land located on King Faisal Road, Tabuk city.
6) Saudi Paper Manufacturing Co. received a letter from its lawyer stating that a favorable judicial ruling has been issued by the Court of Appeal in Riyadh.
7) Brent crude on Thursday declined 93 cents to reach $79.87 per barrel. WTI crude also decreased 84 cents to reach $77.01/bbl.
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