6 things to watch on Tadawul today

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

1) The Saudi Stock Exchange (Tadawul) approved a request from the Ministry of Finance to list debt instruments worth SAR 4 billion starting Aug. 30.

2) Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) was awarded a fourth license to operate cinemas in the Kingdom, in partnership with Lux Entertainment Co., Sinopolis International and Al-Taeir Group.

3) NEOM, Saudi Arabia's megacity project, named Aradhana Khowala as its managing director of tourism.

4) Derayah Financial, the fund manager of Derayah REIT, acquired Raseel Medical Center building in Riyadh for SAR 22 million.

5) Rising oil output supported a pick-up in growth in Saudi Arabia at the end of Q2 2018 with the economy set to perform better than most anticipate over the next 12 to 18 months, Capital Economics said.

6) Saudi Arabia’s Ministry of Housing launched four new residential projects under Sakani program in partnership with private developers, to build 6,499 units. The ministry also implemented 48 residential projects through PPP to build 71,700 residential units.