10 things to watch on Tadawul today

Tadawul trading screen

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

1) The board of directors of Emaar The Economic City (Emaar EC) approved the appointment of Cyril Piaia as the new Chief Executive Officer (CEO), effective Sept. 1.

2) Abdullah A. M. Al-Khodari Sons Co. announced that the Commercial Court in Dammam accepted its proposed financial reorganization plan.

3) Al Etihad Cooperative Insurance Co. signed an agency agreement with Tadamon for Cooperative Insurance Agency Co. to sell its individual and corporate products in Saudi Arabia.

4) Arabian Centers Co. (ACC) will launch a number of brands managed by Alshaya International Group at its malls in Saudi Arabia.

5) Etihad Atheeb Telecommunication Co. (GO) announced the board of directors’ decision to authorize the executive management to study ways to restructure the company’s capital.

6) Saudi Industrial Export Co. (SIECO) announced the completion of work done by the forensic auditor about detecting and listing the administrative and financial misconduct of the former executive management and one of the previous external auditor firms.

7) The Capital Market Authority (CMA) approved the supplementary annex of the terms and conditions (T&Cs) of Jadwa REIT Saudi Fund, requested by Jadwa Investment Co., the fund manager.

8) Middle East Healthcare Co. (Saudi German Hospital) announced extending the non-binding memorandum of understanding (MoU) signed with Sobhi Abdul Jalil Batterjee Medical Hospital in Jeddah.

9) Leejam Sports Co. (Fitness Time) opened two new low-cost Xpress Fitness centers for men and women in Riyadh.

10) Brent crude on Wednesday declined 29 cents to reach $74.24 per barrel. WTI crude also decreased 16 cents to reach $73.21/bbl.