7 things to watch on Tadawul today

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

1) The Saudi Stock Exchange (Tadawul) announced the composition of the fifth term of its board of directors at the general assembly held on Jan. 2, 2020, for a period of three calendar years.

2) Saudi Indian Co. for Cooperative Insurance (Wafa Insurance) announced postponing its financial statements for the period ended March 31, 2019 until Feb. 29, 2020.

3) The National Gas and Industrialization Co. (GASCO) received SAR 85.3 million from the loan arranged by the Saudi Industrial Development Fund (SIDF).

4) Al Ahsa Development Co. shareholders are set to vote on a 50.47% capital hike to SAR 737.32 million from SAR 490 million during the extraordinary general assembly meeting that will be held on Feb. 2, 2020.

5) Musharaka REIT Fund will pay a 3.5% cash dividend for the second half of 2019, at SAR 0.35 per unit, amounting to SAR 30.8 million.

6) Saudi Company for Hardware (SACO) opened a new store in Dammam City, bringing the total number of stores to 33 across 18 cities.

7) Brent crude on Friday gained $2.35 to reach $68.60 per barrel whereas WTI Crude also increased $1.87 to reach $63.05/bbl.