What you need to know when Tadawul opens today

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

1) Abdullah Al Othaim Markets Co. reported a net profit after zakat and tax of SAR 344.67 million for the fiscal year (FY) 2019, up 13.9% year-on-year (YoY).

2) Dr. Sulaiman Al Habib Medical Group (HMG) set the price range for its upcoming initial public offering (IPO) between SAR 43 and SAR 50 per share.

3) Mobile Telecommunications Co. Saudi Arabia (Zain Saudi) said no settlement was reached with the Ministry of Finance to convert whole or part of the outstanding debts.

4) The Saudi Stock Exchange (Tadawul) issued the terms and conditions for Alinma Saudi Government Sukuk ETF Fund - Short Maturity.

5) National Company for Learning & Education (NCLE) said all conditions have been fulfilled to complete the acquisition and ownership transfer of Riyadh-based Al-Khwarizmi Co. for Education. 

6) Zain Saudi amended its recommendation to reduce capital by 28% instead of 38% previously.

7) Brent crude on Tuesday gained 69 cents to reach $53.96 per barrel. WTI Crude also increased 58 cents to reach $50.15/bbl.