Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Sahara Petrochemical Company (Sahara) announced that its fully-owned subsidiary, Sahara Marketing Company (SMC), has commenced marketing operations as of Oct. 11, 2018.
2) Etihad Atheeb Telecommunication Co. (GO) said that it expects to disclose its annual financial results for the period ending on March 31, 2018 within one month.
3) Jarir Marketing Co.’s Q3 net profit rose 17 percent year-on-year (YoY) on higher sales during the back-to-school season and improved consumer sentiment, Chairman Muhammad Al-Agil said.
4) National Gas & Industrialization Co. (GASCO) said a hearing for the compensation claim filed by the Saudi transport ministry against the company was postponed to Dec. 12, 2018.
5) Saudi Arabia has risen from 29th to 26th best country in the world for expats, according HSBC Expat Explorer for 2018.
6) Shares of Saudi Industrial Export Co. (SIECO) hit their highest level in 52 weeks on Sunday, data compiled by Argaam showed.
7) The finance and insurance firms operating in Saudi Arabia increased by 75 to 6,664 institutions, by the end of 2017, compared to 6,589 a year earlier, annual data from the General Authority for Statistics (GASTAT) showed.
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