Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Al Mashaar REIT Fund incurred a net loss of SAR 2 mln (SAR -0.04/unit) for Q3 2020 against a net profit of SAR 6.2 million a year earlier.
2) BinDawood Holding Co. set the initial public offering (IPO) price at SAR 96 per share.
3) The Saudi General Authority for Competition (GAC) approved the economic concentration arising from Dallah Healthcare Co.’s planned acquisition of a 58.64% stake in Care Shield Holding Co., a subsidiary of Kingdom Investment and Development Co.
4) Bank Aljazira’s board of directors accepted the resignation of managing director and CEO Nabil Dawood Al-Hoshan with immediate effect.
5) Saudi Fransi Capital distributed cash dividend to Taleem REIT Fund unit holders for the period from July 1, 2020 to Sept. 30, 2020, at SAR 0.16 per unit, or 1.6% of the initial price per unit.
6) National Company for Learning & Education’s (NCLE) shareholders approved the reallocation of the unutilized portion of the IPO proceeds to finance the company’s operational activities.
7) Dallah Healthcare sold 8,978 fractional shares on Sept. 19, 2020 at SAR 47.2 per share for a total of SAR 424,162.
8) Brent crude on Thursday gained 10 cents to reach $42.09 per barrel. WTI crude also increased 2 cents to reach $39.97/bbl.
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