Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Arabia has denied media reports that plans to list shares of Saudi Aramco on Tadawul have been scrapped.
2) NEOM has received bids for the construction of accommodation and offices for the project’s engineers and supervisors, it announced on its official Twitter account.
3) Saudi Arabia will start to enforce its new bankruptcy law, which came into effect on Aug. 18.
4) The Public Investment Fund (PIF) is in talks to invest in Tesla rival Lucid Motors, a US-luxury electric vehicle startup.
5) Saudi Arabia is continuing economic reforms and its non-oil GDP growth is expected to accelerate, said IMF's mission chief for Saudi Arabia Tim Callen.
6) Saudi Aramco's board of directors have approved two major downstream expansion projects in the Kingdom and the US.
7) SAMA expects inflation to increase in Q3 2018 on the implementation of a number of fiscal reforms including the introduction of a 5 percent VAT, a cut in energy subsidies and the enactment of the expat fees.
8) Saudi Paper Manufacturing Co. expects to finalize expansion works at Kuwait-based Al Jothoor Facial Tissues Paper Factory in H1 2019, CEO Hassan Asiree told Argaam.
9) National Water Co is inviting local and international water companies to participate in a market-sounding exercise to gauge the interest of potential investors in the Kingdom's water distribution and treatment sector.
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