Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Gulf Union Cooperative Insurance Co. has received approval from Saudi Arabia’s Council of Cooperative Health Insurance (CCHI) letter to issue health insurance policies starting August 21.
2) Buruj Cooperative Insurance Company (BURUJ) has received approval from the CCHI to renew its license for three years as of August 18, 2017.
3) The National Shipping Company of Saudi Arabia (Bahri) registered on Sunday its newest Very Large Crude Carrier (VLCC), Aslaf, with the ministry of transportation and Public Transportation Authority.
4) Al Rajhi Bank has appointed Sameer Nawaz as head of investment banking at Al Rajhi Capital, Bloomberg reported.
5) Supermarket chain Abdullah Al Othaim Markets Co. opened its 27th branch in Egypt on Sunday, the company said in a statement.
6) Saudi Aramco has tendered the next phase of the maritime package at the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, MEED reported.
7) Crude oil prices edged higher on Tuesday, with Brent crude last up 0.4 percent at $51.84/bbl, while WTI crude rose 0.4 percent to $47.55/bbl.
Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com
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