9 things to watch on Tadawul today

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

1) Dallah Healthcare Co.’s shareholders approved, on Sept. 13, the capital increase from SAR 750 million to SAR 900 million through the distribution of 20% bonus shares.

2) Savola Group completed the buyback of the intended number of its shares specified for the purpose of the Employees Long-Term Incentive Program (LTIP).

3) The Saudi Stock Exchange (Tadawul) suspended from, Sept. 14, 2020, trading on United Wires Factories Co. (Aslak) shares for two business days.

4) Nama Chemicals Co. suspended operations at its chlor-alkaline (SODA) plant from Sept. 14 for a 20-day regular maintenance.

5) Alkhabeer REIT Fund completed the acquisition of two real estates in Riyadh to boost assets.

6) Al-Samaani Factory for Metal Industries Co. signed a contract with Seera Group Holding to provide logistics services for SAR 6.48 million.

7) Al-Ahlia Insurance Co. received a letter from the Saudi Arabian Monetary Authority (SAMA) informing the decline of actual solvency margin, compared to the required level.

8) National Company for Learning & Education’s (NCLE) shareholders will vote, on Oct. 6, 2020, on reallocating the unused IPO proceeds designated for educational complexes, to finance operational activities.

9) Brent crude on Tuesday declined 4 cents to reach $39.57 per barrel. WTI Crude also decreased 1 cent to reach $37.25/bbl.