Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Electrical Industries Co.’s two subsidiaries, WESCOSA and Saudi Power Transformers Co., signed agreements with Saudi Electricity Co. (SEC) for supply of electrical devices, at a total value of SAR 110 million.
2) Red Sea International Co. finalized its business plan for the period 2021-2025, with the aim to return to profitability and offset the negative impact of coronavirus on its operations.
3) Tihama Advertising and Public Relations Co. signed credit facilities agreement with Samba Financial Group worth SAR 20 million as a maximum limit that can be used for several sub-limits.
4) Anaam International Holding Group’s rights issue shares were 89.1% subscribed, as subscribers injected SAR 80.2 million to subscribe to 8.02 million shares.
5) Brent crude on Monday gained 40 cents to reach $43.18 per barrel. WTI crude also increased 50 cents to reach $40.63/bbl.
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