Here are a few things you need to know as Saudi stocks start trading on Monday.
1) State-run oil giant Saudi Aramco has set the initial public offering (IPO) price range between SAR 30 - SAR 32 per share.
2) Alandalus Property Co. has entered into an agreement worth SAR 43.9 million with Asala Holding Co. to sell its entire 33.4% stake, or 167 shares, in Hamat Real Estate Co.
3) The Saudi Stock Exchange (Tadawul) has approved the request of Raydan Cuisines and Restaurants Co. to transition its shares from the parallel market to the main market.
4) Abdullah Saad Abo Moati for Bookstores Co. has signed a SAR 50 million Shariah-complaint credit facility with Bank Aljazira.
5) Saudi Paper Manufacturing Co. (SPM) has obtained the approval of the Ministry of Finance on a SAR 52 million financial support within the National Companies Promotion Support (NCPP) and the Privatization Vision Realization Program.
6) Saudi Fransi Capital announced the distribution of cash dividends to Bonyan REIT Fund unit holders for the period starting May 1, 2019 to Oct. 31, 2019, at SAR 0.367 per unit.
7) Al Kathiri Holding Co.'s board of directors recommended on Nov. 14 capital hike through a SAR 45.2 million rights issue.
8) Brent crude on Monday gained 2 cents to reach $63.32 per barrel whereas WTI Crude also increased 3 cents to reach $57.75/bbl.
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