7 things to watch on Tadawul today

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

1) Shareholders of Etihad Etisalat Co. (Mobily) approved electing the new board of directors for the next three-year term.

2) The subscription to National Metal Manufacturing and Casting Co.’s (Maadaniyah) new shares and rights trading began on Nov. 29, to increase capital from SAR 234 million to SAR 354 million.

3) National Agricultural Marketing Co. (Thimar) announced the change of its name to Thimar Development Holding Co.

4) Saudi Industrial Development Co.’s (SIDC) shareholders elected members of the board of directors for the upcoming three-year term starting on Jan. 1, 2022.

5) Naseej International Trading Co. announced that the rump offering was 663.4% oversubscribed.

6) Saudi Electricity Co. (SEC) announced that the Saudi Cabinet approved the necessary legal procedures to purchase and transfer the ownership of SEC’s entire stakes in Saudi Power Procurement Co. (SPPC) to the government.

7) Brent crude on Tuesday gained 76 cents to reach $74.20 per barrel. WTI crude also increased 67 cents to reach $70.62/bbl.