5 things to watch on Tadawul today

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

1) Saudi Printing & Packaging Co. has signed a Shariah compliant agreement with Alinma Bank to reschedule a loan of SAR 200 million representing a remaining part of a previous credit amounting to SAR 480 million.

2) Wataniya Insurance Co.’s insurance license was renewed on Dec. 6 by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank and insurance market regulator, for three years.

3) Saudi International Petrochemical Co. (Sipchem) and Sahara Petrochemical Co. have entered into a legally binding agreement governing the terms and conditions for implementing a business merger of equals.

4) Saudi Arabia’s inflation in 2019 is expected to average around 1.1 percent, as prices are expected to continue the downward trend in the short term.

5) Oil prices rose on Friday after OPEC producers and allies reached a deal, in their meeting in Vienna, to reduce output by 1.2 million barrels per day (mbd).