8 things to watch on Tadawul today

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

1) The Public Investment Fund (PIF) signed an $11 billion international syndicated loan with global banks. Separately, it signed an investment agreement of over $1 billion with Lucid Motors to help financing the commercial launch Lucid’s first electric vehicle, the Lucid Air, in 2020.

2) Saudi Public Transport Co.’s (SAPTCO) alliance with France's RATP DEV jointly won a SAR 8.53 billion contract to operate and maintain Riyadh Metro’s first and second routes from Arriyadh Development Authority.

3) Saudi Telecom Co. (STC) and Etihad Etisalat Co. (Mobily) won 10-year contracts to operate, maintain and interconnect Riyadh buses from Arriyadh Development Authority (ADA), Tarek  Al-Fares, chief executive officer, ADA, said.

4) King Abdullah Economic City’s (KAEC) Industrial Valley inked a deal worth over SAR 32 million with Creet International Contracting Co. to develop the infrastructure of sector “D” within the fourth stage of the valley.

5) The Red Sea Development Co. formed an advisory board of 12 business, tourism, sustainability and environmental experts.

6) Al Hokair Group is expected to generate SAR 756 million in revenue from its agreement with Cinepolis International and Al-Tayer group to establish around 300 cinemas in Saudi Arabia, said Aljazira Capital.

7) European temporary building company Losberger De Boer announced the completion of phase one of the multi-billion dollar Qiddiya entertainment resort, located 40km from Saudi capital Riyadh.

8) Saudi Arabia and Russia pledged to cooperate in order to ensure sufficient oil supplies amid market instability.