Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Tadawul Group Holding Co. set the final offer price at SAR 105 per share, SNB Capital, the lead manager, financial advisor, book-runner, global coordinator and underwriter; and JP Morgan Saudi Arabia and Citigroup Saudi Arabia, the financial advisors, book-runners, global coordinators and underwriters on the group's initial public offering (IPO) announced.
2) The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co.’s (MEDGULF) rights issue was 82.15% covered, as subscribers injected SAR 345.03 million in 28.8 million new shares.
3) Mouwasat Medical Services Co. received the competent authorities’ approval to operate the expansion building for Mouwasat Hospital in Dammam.
4) Saudi Steel Pipe Co. won orders worth SAR 52.4 million to supply steel oil and gas pipes to Tenaris Global Services SA in Uruguay.
5) Raydan Food Co. announced that its accumulated losses, as of Sept. 30, 2021, decreased to below 35% of its share capital.
6) Saudi Industrial Services Co. (SISCO) announced that one of its subsidiaries, Saudi Trade and Export Development Co. (LogiPoint), acquired Elite Group through its affiliate, Green Dome Investments LLC.
7) Nama Chemicals Co. signed the final agreement to restructure outstanding loans with the Saudi Industrial Development Fund (SIDF).
8) Al Kathiri Holding Co. completed the installation of the concrete manufacturing facility in Narjis View project, Al-Jawan suburb, commencing operations and actual production.
9) Anaam International Holding Group Co.’s board of directors named independent member, Mohammed Abdul Rahman Saleh Attar as Chairman.
10) Brent crude on Monday gained $3.22 to reach $75.94 per barrel. WTI crude also increased $3.46 to reach $71.61/bbl.
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