Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Arabia’s King Salman has appointed Prince Abdulaziz bin Salman bin Abdulaziz Al Saud as the new Minister of Energy, relieving Khalid Al-Falih from the post.
2) Al-Babtain Power & Telecommunication Co. has extended the agreement with Cairo-based brokerage firm, Premier Holding Co., for one year starting from Sep. 5, 2019.
3) Salama Cooperative Insurance Co. has received a request from a major shareholder, who owns over 5 percent of the company's capital, to hold a general assembly meeting to vote on dismissing four board members.
4) Brent crude on Friday gained 59 cents to reach $61.54 per barrel whereas WTI Crude also increased 22 cents to reach $56.52/bbl.
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