8 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Monday.

1) Al Ma’athar REIT Fund has completed the acquisition deal of Towlan Hotel Suites in Al Khobar for SAR 22 million in addition to a value-added tax (VAT) of SAR 1.1 million.

2) BATIC Investments and Logistics Co.’s affiliate, Arabian Security & Safety Services Co. Ltd (AMNCO), has completed the acquisition of a 40.6 percent stake in Saudi-based National Parking Company (Mawgif).

3) Riyad REIT Fund’s terms and conditions were updated and came into effect on Sept. 5, 2019.

4) Yanbu Cement Co. has amended the record date of H1 2019 dividend to Oct. 3, 2019 instead of Oct. 30, 2019.

5) Etihad Atheeb Telecommunication Co. (GO) has appointed Waleed Bamarouf as an independent board member.

6) Sahara International Petrochemical Company (Sipchem) opened on Sept.8, the nomination process for board membership for the upcoming three-year term, starting Dec. 10, 2019.

7) The Saudi Stock Exchange (Tadawul) has launched the disclosure professional certificate for issuers of securities and investment funds in the capital market.

8) Brent crude on Monday gained 51 cents to reach $62.05 per barrel whereas WTI Crude also increased 60 cents to reach $57.12/bbl.