Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Aramco and an international investor consortium, including EIG and Mubadala, announced the successful closing of the share sale and purchase agreement, in which the consortium acquired a 49% stake in Aramco Oil Pipelines Co., a subsidiary of Aramco, for $12.4 billion.
2) Saudi Tadawul Group approved a request from the Ministry of Finance to list government debt instruments worth SAR 4.65 billion starting from Monday, June 21.
3) National Building and Marketing Co. (NBM) filed for transition from the parallel market to the main market to the Capital Market Authority (CMA).
4) Shareholders of Saudi Automotive Services Co. (SASCO) approved the board of directors’ recommendation on distributing additional cash dividends to shareholders for 2020, at 2% of capital, or SAR 0.2.
5) Lazurde Company for Jewelry (Lazurde) rights subscription period ended on June 17.
6) Brent crude on Friday gained 43 cents to reach $73.51 per barrel. WTI crude also increased 60 cents to reach $71.64/bbl.
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