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 Tuesday.

1) Alinma Tokio Marine Co. signed a group credit insurance policy contract with Alinma Bank to provide insurance coverage for borrowers’ portfolio for a period of 12 months.

2) AlJazira REIT Fund received a preliminary judgment deed in its favor for the claim for property rent filed against Takhzeen Logistics Co.

3) National Building and Marketing Co. (NBM) signed a Sharia-compliant banking facility agreement worth SAR 100 million with Riyad Bank.

4) Allied Cooperative Insurance Group (ACIG) obtained the approval of the Capital Market Authority (CMA) to increase its capital through SAR 150 million rights issue.

5) Batic Investments and Logistics Co. approved the works and contracts concluded between the company and Smart Standing Holding Co., as well as Arabian Company for Security and Safety Services (AMNCO).

6) Saudi British Bank (SABB) completed repurchasing 3.57 million shares under its Long-Term Incentive Program (LTIP) for employees at SAR 32 each, totaling nearly SAR 115 million.

7) Saudi Advanced Industries Co. (SAIC) announced that the board of directors of one of its associate firms, Obeikan Glass Co., approved to distribute 10% cash dividend for 2021.

8) Jadwa Investment Co., fund manager of Jadwa REIT Saudi Fund announced that the subscription period for increasing the total value of the fund’s assets through an additional offering will begin on Sept. 26 and will end on Oct. 7, 2021.

9) The General Authority for Competition (GAC) announced that it has no objection to Saudi Research and Media Group’s (SRMG) acquisition of a 51% stake in Thmanyah Company for Publishing and Distribution.

10) Brent crude on Tuesday gained 61 cents to reach $74.53 per barrel. WTI crude also increased 69 cents to reach $70.98/bbl.