Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) The first phase of Saudi Arabia’s inclusion on MSCI Emerging Markets Index officially kicked off yesterday, following the listing of 30 Saudi securities as of the close on May 28.
2) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expects to publish FY2018 financial statements by June 30.
3) Shareholders of Dar Al-Arkan Real Estate Development on June 20 will vote on withholding dividends for fiscal year 2018.
4) Abdullah A. M. Al-Khodari Sons Co. was notified by Dammam commercial court that one of the firm’s creditors has filed for initiating a financial restructuring under Saudi Arabia’s new bankruptcy law.
5) The Capital Market Authority (CMA) has issued its resolution approving Ataa Educational Company's application for the offering of 12 million shares representing 30 percent of the share capital.
6) Brent crude on Thursday gained 26 cents to reach $69.71/bbl, while WTI crude also increased 37 cents to $59.18/bbl.
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