Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Al Maathar REIT posted a net profit of SAR 13.39 million in the second half of 2019, compared to losses of SAR 9.29 million in the same period a year ago.
2) Saudi Cable Co. (SCC) launched on Jan. 6, 2020, its rights issue to increase capital from SAR 110.61 million to SAR 360.61 million.
3) Al Rajhi REIT Fund's new units will start trading today, Jan. 7, 2020, on the Saudi Stock Exchange (Tadawul).
4) Mulkia Gulf REIT recorded SAR 594.96 million in net assets as of Dec. 31, 2019.
5) Gulf General Cooperative Insurance Co. signed a comprehensive motor insurance contract with Aljabr Financing to provide insurance services to its fleet.
6) Arabia Insurance Cooperative Co. (AICC) received on Monday the Saudi Arabian Monetary Authority’s (SAMA) approval on renewing the company’s insurance license for 3 years starting Feb. 5.
7) Brent crude on Tuesday declined 81 cents to reach $68.10 per barrel whereas WTI Crude also decreased 71 cents to reach $62.56/bbl.
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