9 things to watch on Tadawul today

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

1) United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and tax of SAR 45.1 million for the first nine months of 2020.

2) Anaam International Holding Group issued prospectus for its SAR 90 million rights issue through offering 9 million shares.

3) Red Sea International Co. signed a SAR 53 million contract with NEOM to provide facility management, operations and maintenance services for the residential/business complex.

4) Solidarity Saudi Takaful Co. terminated the non-exclusive agency agreement signed with Wattad National Insurance Co. for marketing and sale of its products.

5) Saudi Arabian Amiantit Co. achieved 77% of the In-Kingdom Total Value Add (IKTVA) program’s objectives, a rise of 23% from 54% last year.

6) Moody’s Investor Service assigned an A3 insurance financial strength rating (IFSR) to Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) with a stable outlook.

7) Salama Cooperative Insurance Co.’s shareholders approved, on Oct.13, financial statements, as well as audit and board reports for the FY ending Dec. 31, 2018.

8) The Securities Depository Center (Edaa) implemented, on Oct.13, securities quantity decrease for Mobile Telecommunication Co. Saudi Arabia (Zain KSA) on the Center’s accounts of eligible securities’ holders.

9) Brent crude on Wednesday declined 11 cents to reach $42.34 per barrel. WTI crude also decreased 11 cents to reach $40.09/bbl.