Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) widened its net loss before Zakat by 33.2% to SAR 28.4 million in the first half of 2019.
2) Emaar The Economic City (Emaar EC) entered into a share subscription agreement with Dayim Modern Real Estate Management Co., ME Royal Capital LLC, ME Partners Capital LLC, ME Strategic Investments LLC, ME Holdings LLC, Emaar Middle East LLC and Public Investment Fund (PIF).
3) Derayah REIT Fund completed the ownership transfer of a logistics complex in Riyadh, after finalizing the legal and technical procedures.
4) Dallah Healthcare Co. announced the commencement of operation of the first phase of Dr Mohamed Alfaqih Hospital.
5) Anaam International Holding Group signed a non-binding memorandum of understanding (MoU) with Al Ghadeer Real Estate to acquire 100% stake in Al Ghadeer Real Estate.
6) Fawaz Abdulaziz Alhokair Co.’s accumulated losses at the end of the first quarter, ending June 30, 2020, amounted to SAR 637.68 million, representing 30% of the share capital.
7) Leejam Sports Co. (Fitness Time) opened a new ladies fitness center in Jeddah.
8) Riyad REIT Fund invested SAR 45 million in an office building in the Dallas-Forth Worth Metro Area, US.
9) Brent crude on Wednesday gained 34 cents to reach $45.92 per barrel. WTI Crude also increased 36 cents to reach $43.12/bbl.