Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Saudi-listed banks’ total credit provisions increased 2 percent to SAR 2.64 billion in Q3 2017, compared to SAR 2.59 billion in Q3 2016, data compiled by Argaam showed.
2) Saudia Dairy and Foodstuff Co.’s (SADAFCO) shareholders have delegated the company’s board of directors to distribute dividend for the fiscal year 2017/2018 and determine record and payment dates.
3) Al Rajhi Company for Cooperative Insurance received on Monday approval from Abdul Latif Jameel United Leasing Co. and United Installment Sales Co. to renew auto insurance deals with both companies for one year from Jan. 1, 2018.
4) AXA Cooperative Insurance Co. received on Sunday approval from Abdul Latif Jameel United Leasing Co. and United Installment Sales Co. to renew auto insurance deals with both companies for one year from Jan. 1, 2018.
5) Oil prices were slightly up this morning. Brent crude rose 0.1 percent to $62.30/bbl while WTI crude climbed 0.1 percent to close at $56.46/bbl.
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