8 things to watch on Tadawul today

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

1) Saudi Aramco shares joined FTSE Russell EM Index on Dec. 19, effective as of Dec. 23.

2) The Saudi British Bank’s (SABB) shareholders elected a new board of directors for a 3-year term starting from January 1, 2020.

3) Arriyadh Development Co. (ARDCO) appointed Prince Faisal bin Ayyaf, Mayor of Riyadh Region, as board member and chairman.

4) Al Rajhi REIT Fund’s public offering was 78.63% covered, as 16,031 subscribers injected SAR 116.6 million investments to buy 13.25 million units.

5) Saudi Company for Hardware (SACO) inked a Sharia-compliant credit facility agreement at SAR 100 million with Gulf International Bank (GIB).

6) Dur Hospitality Co. (Dur) signed contracts to lease and operate 3 hotels in Madinah for 15 years, starting from the date of completing and receiving the hotels from the owner.

7) The National Company for Glass Industries (Zoujaj) decided to permanently halt production at its Dammam plant.

8) Brent crude declined 0.60% on Friday to $66.14 per barrel whereas WTI Crude also shed 1.21% to $60.44/bbl.