Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Seera Group Holding signed a six-month memorandum of understanding (MoU) with the Tourism Development Fund to finance the development of a number of hotels across the Kingdom.
2) The Saudi Stock Exchange (Tadawul) announced the update of the free float shares for all companies as of Oct. 4, 2020.
3) SABB Takaful renewed Property All Risk Insurance policy and Group Care policy with Saudi British Bank (SABB), which is a related party.
4) Credit Agricole sold the final portion of its stake in Banque Saudi Fransi (BSF) and exited the bank permanently.
5) The General Authority of Zakat and Tax (GAZT) requested Al Gassim Investment Holding Co. (GACO) to settle Zakat claims for the years 2014-2018 at a total value of SAR 13.26 million.
6) Naseej International Trading Co.’s board of directors recommended a 43.4% capital cut from SAR 178.16 million to SAR 100.76 million through writing off 7.74 million shares.
7) Etihad Atheeb Telecommunication Co. (GO) said that Riyadh’s Administrative Court of Appeal postponed the session of the company’s appeal against the Communications and Information Technology Commission (CITC) to Sept. 29, 2020.
8) Saudi Cable Co. approved the appointment of two members to its board of directors.
9) Brent crude on Tuesday declined 13 cents to reach $42.30 per barrel. WTI crude also decreased 20 cents to reach $40.40/bbl.
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