Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) International Company for Power and Water Projects (ACWA Power) announced the dry financial closure for $1.33 billion (nearly SAR 5 billion) senior debt facilities for the Red Sea Multi-Utilities Project.
2) Saudi Public Transport Co.’s (SAPTCO) shareholders elected board members for the upcoming three-year term, starting Jan. 1, 2022.
3) CHUBB Arabia Cooperative Insurance Co. announced the resignation of audit committee member, Abdullah Saleh Bakhraibah, effective Dec. 31.
4) Sumou Real Estate Co. signed a development and marketing agreement with related parties - Adeer Holding Co. and Adeer Real Estate Co. - for 251 residential villas in Areen project, Al Khobar.
5) Brent crude on Wednesday gained 26 cents to reach $74.14 per barrel. WTI crude also increased 25 cents to reach $71.37/bbl.
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