Here are a few things you need to know as Saudi stocks start trading on Monday.
1) S&P Global Ratings affirmed Saudi Arabia’s sovereign credit ratings at ‘A-/A-2’ with a stable outlook.
2) Arabian Centres Co. announced the soft opening of the phase 1 of Nakheel Mall extension in Riyadh.
3) Al-Samaani Factory For Metal Industries Co.’s board of directors approved the transition of the company’s shares from Nomu parallel market to the main market.
4) SEDCO Capital, the fund manager for SEDCO Capital REIT Fund, said the total value of discounts granted to date to tenants affected by the COVID-19 pandemic represents approximately 9.87% of the fund's total annual rental income.
5) Saudi Aramco and the Institute of Energy Economics, Japan (IEEJ), in partnership with Saudi Basic Industries Corp (SABIC), announced the first shipment of blue ammonia from Saudi Arabia to Japan.
6) Yanbu Cement Co. will pay H1 2020 cash dividend at 10%, or SAR 1 per share on Oct. 8, 2020.
7) Alkhabeer REIT Fund’s board of directors approved the terms and conditions related to broadening the fund’s asset base.
8) Development Works Food Co.’s board of directors recommended a 30% capital increase to SAR 32.5 million from SAR 25 million via a bonus share issue at 3-for-10.
9) Allied Cooperative Insurance Group (ACIG) received the Saudi Arabian Monetary Authority’s (SAMA) approval for renewal of permits to practice general and health insurance.
10) Brent crude on Monday declined 30 cents to reach $41.62 per barrel. WTI crude also decreased 30 cents to reach $39.95/bbl.