6 things to watch on Tadawul today

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

1) Jabal Omar Development Company finalized sale of 90 residential units to Albilad Capital and received the full sale price of SAR 1.105 billion.

2) Al Kathiri Holding Co.’s shareholders approved a 20 percent capital hike to SAR 37.67 million from SAR 31.39 million through issuance of one bonus share for every five shares held.

3) Arabian Shield Cooperative Insurance Co. signed a SAR 104.5 million agreement with the National Water Company worth to provide health insurance services to its employees and their families.

4) Saudi Arabia’s Ministry of Environment, Water and Agriculture will offer more than 20 locations for aquaculture investment over 2,400 kilometers in the Red Sea.

5) Dubai-listed Shuaa Capital is planning to set up a real estate investment traded fund (REIT) in Saudi Arabia by year-end, according to its CEO Fawad Khan.

6) Oil prices remained stable on Monday morning despite concerns of a US-China trade dispute likely to erode global economic growth. Brent crude slipped 0.08 cents to $75.76/bbl, while WTI crude was down 0.06 cents to $68.64/bbl.