Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Nomu-listed National Building and Marketing Co. (NBM) has been placed under a trading halt starting Oct. 14, pending disclosure of Q2 2019 financial results.
2) Etihad Atheeb Telecommunication Co.’s (GO) lawsuit against the Communications and Information Technology Commission (CITC) over the unified license has been postponed until Oct. 28, 2019.
3) The Capital Market Authority (CMA) has imposed a SAR 10,000 fine on Nomu-listed National Building and Marketing Co. for failing to disclose its financial statements for the period ending March 31, 2019 on time.
4) Advanced Petrochemical Co.’s board of directors appointed Khalifa A. Al Mulhim as the chairman and Waleed M. Al Jaafari as the vice chairman.
5) National Company for Learning & Education (NCLE) inked a non-binding memorandum of understanding (MoU) with Riyadh-based AlGhad National Schools, to acquire 100 percent of its shares.
6) Brent crude on Tuesday dropped 45 cents to reach $58.90 per barrel whereas WTI Crude also decreased 36 cents to reach $53.23/bbl.
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