Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Retail investors started, on Oct. 8, subscribing to around 2.29 million shares of BinDawood Holding Co. at SAR 96 each, after completing the institutional book-building process.
2) Advanced Petrochemical Co. signed an amendment to the partnership agreement between its subsidiary, Advanced Global Investment Co. (AGIC), and SK Gas Petrochemical Pte. Ltd. (SKGP), a unit of SK Gas Co. Ltd.
3) Makkah Construction and Development Co.'s board of directors approved to grant shop tenants rental waivers for six months in the fiscal year 2019-20.
4) Dallah Healthcare Co. received the no-objection certificate from the Governor of the General Authority for Competition to complete the economic concentration process by acquiring shares in Makkah Medical Center Co.
5) Al Rajhi REIT Fund reported SAR 42.16 million rental income in the third quarter of 2020.
6) Arab National Bank’s (ANB) board of directors approved the appointment of Obaid Abdullah Al-Rasheed as managing director and CEO.
7) The Economic City’s (Emaar EC) board of directors appointed Jamal bin Theniyeh as chairman, and Abdullah Ibrahim Al-Howaish as deputy chairman.
8) Brent crude on Friday declined 49 cents to reach $42.85 per barrel. WTI crude also decreased 59 cents to reach $40.60/bbl.
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