Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) National Company for Learning & Education (NCLE) signed a purchase agreement to fully acquire Riyadh-based Al-Ghad National Schools, for a value of SAR 36.7 million.
2) Shareholders of Bupa Arabia for Cooperative Insurance Company approved the purchase of up to 210,000 shares, worth SAR 15 million, at its extraordinary general meeting on Nov. 12.
3) Taiba for Investment Co.’s board of directors has recommended a 4.5 percent cash dividend for the third quarter of 2019, at SAR 0.45 per share, amounting to SAR 72.21 million.
4) The Capital Market Authority (CMA) has approved Al Ahsa Development Co.'s request for capital hike to SAR 737.32 million from SAR 490 million, through issuance of 24.7 million ordinary shares to fully acquire Al Salam Medical Services Co.
5) Saudi Electricity Co.'s (SEC) board of directors appointed Fahad Al-Sudairi as new chief executive officer (CEO), effective on Nov. 12, 2019.
6) Brent crude on Thursday gained 31 cents to reach $61.68 per barrel whereas WTI Crude also increased 33 cents to reach $57.45/bbl.
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