Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Almarai Co. has signed on Monday an agreement with Alamar Foods CJSC to acquire 100 percent stake in Premier Foods LLC. for a value of SAR 108.0 million.
2) Saudi-based fast food chain, Herfy Food Services, opened its third franchised branch in Bangladesh.
3) Saudi Automotive Services Co. (SASCO) signed today a credit facility agreement with Riyad Bank.
4) The Capital Market Authority (CMA) approved Arab National Bank's request to increase its capital from SAR 10 billion to SAR 15 billion through issuing one bonus share for every two existing shares.
5) Halwani Bros Co. has obtained a SAR 150 million Shariah compliant credit from the Banque Saudi Fransi (BSF).
6) Hail Cement Co. incurred net losses after zakat and tax of SAR 23.56 million for fiscal year 2018, versus net profit of SAR 15.54 million in a year earlier, driven by lower prices on soft demand and fierce competition.
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