Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Alkhabeer REIT offers the highest return among peers in Saudi Arabia at over 9 percent, Ahmed Ghouth, chief executive officer of Alkhabeer Capital, told Argaam.
2) Zain Saudi’s board of directors has approved a bid submitted by IHS Holding Ltd. to sell and lease back 8,100 telecom towers for a total of SAR 2.43 billion.
3) Shares of Jarir Marketing Co. hit their highest level in 52 weeks on Wednesday, data compiled by Argaam showed.
4) Tabuk Cement Co.’s proximity to Duba port gives the firm a competitive advantage in exporting cement to Yemen, given the relatively lower marine shipping cost, Chairman Saeed Obaid told Argaam.
5) The shareholders of Abdullah A. M. Al-Khodari Sons Co. have disapproved the proposed capital hike during the general assembly meeting held on Tuesday.
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