Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Alkhorayef Water and Power Technologies Co.’s (AWPT) retail offering was 1,511.52% oversubscribed.
2) Saudi Arabian Cooperative Insurance Co.’s (SAICO) board of directors accepted the retirement request of chief executive officer (CEO) Hassan Abdullah Al-Somali.
3) Emaar The Economic City’s (Emaar EC) board of directors accepted the resignation of Ahmad Al Matrooshi, submitted on Feb. 14 and effective Feb. 22, 2021.
4) Wafrah for Industry and Development Co.’s board of directors approved to relieve Zenan Salim Ali Al Yami of his position as CEO.
5) Dr Sulaiman Al Habib Medical Group’s (HMG) board of directors approved the award and signing of a contract by its subsidiary, Gharb Al-Takhassusi Hospital, with MASAH Construction Co. for structural works in its maternity and paediatric hospital.
6) Tihama Advertising, Public Relations and Marketing Co.’s subsidiary, Tihama Distribution Co., extended its exclusive distribution agreement with Houghton Mifflin Harcourt (HMH).
7) Yanbu National Petrochemical Co. (Yansab) said that maintenance works at the ethylene glycol plant are still ongoing.
8) Middle East Specialized Cables Co. (MESC) said that a procedural request was issued by the Amman Court to convert the precautionary seizure into an executive seizure regarding the funds belonging to MESC-Jordan, amounting to SAR 11.91 million.
9) Brent crude on Tuesday gained 94 cents to reach $66.18 per barrel. WTI crude also increased $2.25 to reach $61.49/bbl.
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