Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Assets held by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, decreased by SAR 29.5 billion month-on-month to about SAR 1.932 trillion in July 2019.
2) Saudi Arabia’s stock exchange, Tadawul, has officially completed its full inclusion on the MSCI emerging markets index on Aug. 29, 2019.
3) Shareholders of Abdulla Saad Abo Moati for Bookstore Co. will pay cash dividend for the fiscal year ended March 31, 2019 on Sept. 5, 2019.
4) Abdullah Al Othaim Markets Company Abdullah opened a new branch in Riyadh, bringing up the total number of branches in Saudi Arabia to 227.
5) Al Sorayai Trading and Industrial Group Co.’s shareholders have approved a 70.89 percent capital cut to SAR 65.5 million from SAR 225 million during the extraordinary general assembly meeting that was held on Aug. 28, 2019.
6) Brent crude on Friday fell $1.24 to reach $59.25 per barrel whereas WTI Crude also decreased $1.61 to reach $55.10/bbl.
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