Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) The Capital Market Authority (CMA) said it has been coordinating with the Saudi Stock Exchange (Tadawul) to launch the derivatives market, adding it is planning to launch index futures contract on Tadawul by the end of Q3 2020.
2) AlAhli REIT Fund (1) reported a 34% drop in H1 2020 net profit to SAR 18.62 million (or SAR 0.14 per share).
3) Arabian Centres Co. announced SAR 36.72 million as proceeds from the initial public offering (IPO) of Amlak International for Real Estate Finance, ended July 5, 2020.
4) Saudi Ground Services Co. (SGS) inked a Sharia-compliant Murabaha financing facility with Saudi British Bank (SABB) at a total value of SAR 500 million.
5) Muscat Capital Co. will temporarily suspend the management fees of Al Mashaar REIT Fund, which represent/stand at 1% of net asset value (NAV).
6) Brent crude on Thursday declined 3 cents to reach $43.26 per barrel. WTI Crude also decreased 7 cents to reach $40.83/bbl.
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