Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) SABB Takaful signed a contract with Saudi Home Loans Co. (SHL) to provide credit insurance services at a total value of SAR 26.3 million.
2) Thimar Development Holding Co.’s said that Riyadh Commercial Court extended the deadline for submitting the financial restructuring proposal by additional 60 days, starting from Dec. 10, 2021.
3) Saudi Economic and Development Securities Co. (SEDCO Capital), as the fund manager of SEDCO Capital REIT Fund, completed the acquisition of a real estate portfolio of eight income-generating properties located across Riyadh and the Eastern Province.
4) Saudi Research and Media Group’s (SRMG) subsidiary, Scientific Works Holding Co., purchased Saudi Government sukuk with a nominal value of SAR 300 million.
5) Saudi Industrial Investment Group (SIIG) and National Petrochemical Co. (Petrochem) announced that they are still working to obtain all regulatory approvals to complete their merger.
6) National Shipping Company of Saudi Arabia (Bahri) will start construction of its grain terminal in Yanbu in the first half of 2022 and launch three-month trial operations in the second half of 2023.
7) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) bagged a contract from the Saline Water Conversion Corp. (SWCC).
8) Mouwasat Medical Services Co. continues pilot operations at Mouwasat Hospital in Madinah.
9) Saudi Kayan Petrochemical Co. announced partial prepayment of SAR 1.875 billion senior loans, to reduce financial cost and utilize the available cash in line with the company's strategic goals
10) Brent crude on Friday declined $1.75 to reach $77.78 per barrel. WTI crude also decreased $1.78 to reach $75.21/bbl.
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