Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Global index provider FTSE Russell will implement changes to the FTSE Saudi Arabia Inclusion Index Series during the semi-annual review for September 2020.
2) Fitaihi Holding Group completed the sale of 4.83% stake in Al-Jouf Agricultural Development Company, achieving exceptional capital gains of SAR 29.95 million.
3) Alkhaleej Training and Education Co. signed a contract with Saudi Electricity Co. (SEC) to manage and operate a customer service center.
4) Alkhabeer REIT Fund completed the acquisition of Elegance Office Tower in Al Murooj District, Riyadh.
5) Saudi Telecom Co. (STC) asked banks to pitch for roles in a potential public offering of STC Solutions (STCS), its products and services development arm.
6) National Building and Marketing Co. was unable to publish financial statements for Q1 and Q2 2020 within the specified period.
7) Saudi Chemical Co. signed a non-binding memorandum of understanding (MoU) with the Russian Direct Investment Fund (RDIF) to help provide the COVID-19 vaccine in the Kingdom.
8) Development Works Food Co.'s board of directors approved its transition from the parallel market to the main market.
9) Arabian Shield Cooperative Insurance Co.’s board of directors approved the resignation of its CEO, Basem Kamel Odeh, submitted on Sept. 15, 2020.
10) Brent crude on Wednesday gained 69 cents to reach $41.22 per barrel. WTI Crude also increased 76 cents to reach $39.04/bbl.
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