Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Sahara International Petrochemical Co. (Sipchem) announced the scheduled periodic turnaround maintenance of plants of its affiliates, Al Waha Petrochemical Co. and Sahara & Ma’aden Petrochemical Co. (SAMAPCO).
2) Saudi Steel Pipe Co. was awarded a SAR 80.6 million worth of contract to provide oil and gas steel pipes to Saudi Aramco.
3) Shares of East Pipes Integrated Company for Industry begins trading on The Saudi Exchange (Tadawul) on Feb. 14, with the symbol 1321 and ISIN Code SA15GH80KKH0.
4) Saudi Industrial Export Co. (SIECO) said that the planned capital reduction is aimed to restructure the capital and amortize 96.71% of its SAR 43.32 million accumulated losses.
5) Alinma Tokio Marine Co. announced that the recently filed lawsuit against it is from its former client, Abdul Latif Jameel Real Estate Investments Ltd. Co., whose contractual relationship ended with the company on April 30, 2021.
6) Brent crude on Tuesday fell 49 cents to reach $95.99 per barrel. WTI crude also decreased 55 cents to reach $94.91/bbl.
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