Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Aldrees Petroleum and Transport Services Co. (Aldrees) reported a net profit after Zakat and tax of SAR 81.6 million for the first nine months of 2020, a 28% year-on-year (YoY) rise.
2) Banque Saudi Fransi started, on Oct.19, the issuance of SAR-denominated additional Tier 1 Sukuk through private placement.
3) MEFIC Capital, the fund manager of MEFIC REIT Fund, extended the lease of the land plot for the hospitality project by additional five years until March 31, 2040.
4) Arab National Bank (ANB) intends to issue the second tranche of US dollar-denominated Tier 2 sukuk to eligible investors in Saudi Arabia and abroad.
5) Arabian Centres Co. opened Saudi Arabia’s largest cinema theatre complex at Mall of Dhahran.
6) Al-Etihad Cooperative Insurance Co. (Al-Etihad) implemented a business continuity plan to resume receiving and settling vehicle claims as well as transferring damages to beneficiaries without interruption across the Kingdom.
7) Mobile Telecommunication Company Saudi Arabia’s (Zain Saudi) subscription to new shares and rights trading began Oct.19, 2020.
8) The subscription to Al Kathiri Holding Co.'s rights issue closed on Oct. 19 to increase capital from SAR 45.21 million to SAR 90.42 million.
9) The Securities Depository Center (Edaa) credited, on Oct. 19, the subscribed securities of BinDawood Holding Co. to the accounts of eligible securities' holders.
10) Brent crude on Tuesday declined 34 cents to reach $42.28 per barrel. WTI crude also decreased 26 cents to reach $40.57/bbl.