9 things you need to know on Tadawul today

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

1) Saudi Arabia has invited developers to submit prequalification proposals for a 400 megawatt wind project in Dumat al-Jandal in Al Jouf region, the Ministry of Energy said.

2) Clinker inventory for the 17 Saudi-listed cement producers reached a record high of 31.2 million tons last month, on continuous declines in demand, an Argaam research showed.

3) Sadara Basic Services Co., which is wholly-owned by Sadara Chemical Co. (Sadara), said its amines plant marked commercial start on July 16. The plant is among the 26 manufacturing units in Sadara complex, Jubail Industrial City II.

4) The Company for Cooperative Insurance’s (Tawuniya) board of directors has appointed Abdulaziz Al Bouq as chief executive officer, effective July 17.

5) Methanol Chemicals Co. (Chemanol) has reached a settlement with a marketing agent, in which it will receive a total of $5.5 million for undistributed products under a performance bank guarantee worth $10 million.

6) Jabal Omar Development Company has signed an agreement with United Arab Emirates-based Dubai Holding to develop a new luxury hotel in Makkah, close to the Grand Mosque.

7) Abdulla Saad Abo Moati For Bookstore Co.’s (Abo Moati) board has appointed Mohamed Abo Moati as the company’s chief executive starting from August 1, 2017.

8) Haramain high-speed rail project will be completed by the end of this year, said Saad Al Khelb, deputy transport minister.

9) Crude oil prices started the week with gains. Brent crude was last up 0.4 percent at $49.11/bbl and WTI crude rose 0.3 percent to $46.69/bbl.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com