Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Arabian Centres Co. announced that all its commercial centers and their related economic activities will operate at full capacity, without exception, following Saudi Arabia’s directive lifting the social distancing measures starting from Oct. 17.
2) BinDawood Holding Co. said that Saudi Arabia’s decision to ease COVID-19 health protocols and allow full capacity attendance at the Grand Mosque and the Prophet’s Mosque is expected to have a positive impact on its Q4 2021 financial results.
3) Fawaz Abdulaziz Alhokair Co. announced that all of its stores and food and beverage (F&B) outlets in the Kingdom will return to normal economic activity at full capacity, including lifting the social distancing condition, starting Oct. 17.
4) Savola Group’s wholly-owned subsidiary, Savola Foods Co., completed the acquisition of 100% of Bayara Holding Limited.
5) Wafrah for Industry & Development Co. signed a MoU with Schaap Holland B.V., under which Wafrah has an exclusive right to develop and distribute two varieties of seed potatoes (Amora and Valencia) for three years.
6) Al Kathiri Holding Co. said its subsidiary, Alian Industry Co. received a land plot by the real estate developer, Abdul Rahman Saad Al-Rashid Co., to build a plant for the manufacture and supply of ready-mixed concrete in the second phase of Narjis View project, in Al-Jawan suburb.
7) United Cooperative Assurance Co.’s (UCA) board of directors recommended increasing the company’s capital through rights issue of SAR 300 million.
8) Saudia Dairy and Foodstuff Co.’s (SADAFCO) board of directors recommended the buyback of 8.46% of its shares, or up to 2.75 million shares, over the next 12 months from the date of the next extraordinary general meeting’s (EGM) approval.
9) Shareholders of Ataa Educational Co. are to vote on the board’s recommendation to distribute a 10% cash dividend, or SAR 1 per share, for the fiscal year ended July 31, 2021, during the OGM that will be held on Nov. 7.
10) Brent crude on Monday gained 96 cents to reach $85.82 per barrel (bbl). WTI crude also increased $1.26 to reach $83.54/bbl.
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