Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Middle East Paper Co. (MEPCO) has renewed and amended its previous Shariah compliant facility agreement with Al Rajhi Bank.
2) National Gas & Industrialization Co.’s (GASCO) shareholders have approved the related party transactions that took place with its 37.5 percent affiliate, The Saudi Gas Cylinder Factory.
3) Rabigh Refining and Petrochemical Co. (Petro Rabigh) has witnessed a shortage in ethane and crude oil supplies at 8 percent and 12.5 percent respectively, as of Sep. 14, 2019.
4) Alinma Tokio Marine Co. has received an insurance claim request from Al Jomaih Automotive Co. related to an accident leading to its ship capsizing in the port of Brunswick, Georgia, USA.
5) BATIC Investments and Logistics Co.’s board of directors appointed on Sept. 16 Majid Al-Eissa as a chief executive officer.
6) Brent crude on Wednesday fell 12 cents to reach $64.43 per barrel whereas WTI Crude also declined 32 cents to reach $59.02/bbl.
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