10 things to watch on Tadawul today

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

1) Saudi Basic Industries Corporation’s (SABIC) wholly-owned subsidiary, SABIC Capital II B.V., plans to issue senior, unsecured USD-denominated bonds.

2) Saudi Arabia's King Salman on Tuesday inaugurated the Haramain high-speed railway project.

3) Saudi Electricity Company (SEC) successfully completed the issuance of a $2 billion dual tranche sukuk in Reg S format in international markets .

4) Saudi Arabia’s inflation rate rose 2.2 percent in August 2018, the General Authority for Statistics data showed.

5) The rights issue of Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) was extended until Sept. 25, with the subscription period running until Sept. 30.

6) Saudi Arabia said it will issue electronic visas for the first time to allow visitors access to the debut of the Formula E Middle East racing event in Riyadh.

7) Abdulmohsen Alhokair Group for Tourism and Development Co. renewed a SAR 100 million Sharia-compliant credit facility agreement with Bank Aljazira.

8) The Capital Market Authority approved the listing of 30 percent, or 6 million shares, of Gulf Steel Works Company.

9) Al Tayyar Travel Group said that both the Ministry of Education and Saudi Arabian Airlines (Saudia) have fulfilled all due payments for a recently ended services contract.

10) A recovery in oil prices and plans to increase fiscal spending in Saudi Arabia raise the scope for a better growth outlook into 2019, Credit Suisse said.