Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Jabal Omar Development Co. has launched new riyal-denominated sukuk of up to SAR 2 billion, the company said in a bourse statement.
2) Al Tayyar Travel Group’s board of directors has changed its bonus share issue to two shares for every five shares held through distributing 83.9 million shares.
3) Allianz Saudi Fransi Cooperative Insurance Company (Allianz SF) renewed its health insurance license for one year after obtaining the go-ahead from the Saudi Council of Cooperative Health Insurance (CCHI).
4) Abdullah Al Othaim Markets Co. has opened a new branch in Yanbu, bringing its total branches in Saudi Arabia to 219.
5) Alujain Corporation’s (Alujain) subsidiary, National Petrochemical Industrial Co. (NATPET) signed a contract with Tecnimont Arabia Co. Ltd. (TAL) to reinstate the units damaged by fire at NATPET’s polypropylene (PP) comple
6) Al Yamamah Steel Industries Co. has signed a contract with Spain’s Europea de Construcciones Metalicas S.A. to supply solar steel structures to Dubai Solar Park Project - Phase IV.
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