Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Nama Chemicals Co.'s board of directors has submitted its resignation on Jan. 7, the company said in a bourse statement.
2) Tabuk Cement Co.’s board of directors appointed on Jan. 6 Ali Al-Qahtani as the new general manager.
3) Saudi Stock Exchange (Tadawul) saw 17 negotiated deals on stocks of six listed companies yesterday including Al Rajhi Bank, Saudi Basic Industries Corp. (SABIC) and National Commercial Bank (NCB).
4) Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Wednesday Jan. 2, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
5) The total value of assets held in investment funds in Saudi Arabia fell by SAR 1.2 billion quarter-on-quarter (QoQ) in the third quarter 2018 to SAR 118 billion from SAR 119 billion, according to the latest data released by Saudi Arabian Monetary Authority (SAMA).
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