Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Saudi Arabia’s Ministry of Finance sold SAR 4 billion worth of domestic sukuk under the Saudi Arabian government SAR-denominated sukuk program.
2) Saudi Real Estate Co. (Al Akaria) inked a framework agreement with the Presidency of State Security to provide integrated realty services.
3) Saudi Cable Co.’s shareholders approved a 72.6 percent capital reduction to SAR 110.6 million from SAR 404.1 million to offset accumulated losses.
4) Saudi Pharmaceutical Industries Medical Appliances Corp. (SPIMACO) inked two contracts with the Saudi ministry of health at a total value of SAR 189.25 million.
5) US-based Hill International has been awarded a three-year contract from Bank Aljazira to provide project management services for the pre-design, design, and construction of its regional management office building in Riyadh.
6) Mouwasat Medical Services Co. will launch operations at Mouwasat Hospital, Al Khobar on Sept. 15.
7) Saudi Arabia is expected to keep prices for light crude grades supplied to Asia largely unchanged from September, to remain competitive, Reuters reported.
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