6 things to watch on Tadawul today

07/04/2019 Argaam

 

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

 

1) Saudi Arabia’s Capital Market Authority (CMA) issued on April 3 the procedures of applying for financial restructuring under the bankruptcy law.

 

2) Al Rajhi Bank’s shareholders have approved a 53.8 percent capital hike to SAR 25 billion from SAR 16.25 billion during the extraordinary general assembly meeting held on Wednesday, April 3, 2019.

 

3) Abdullah Al Othaim Markets Co. has opened a new branch in Riyadh, bringing its total branches in Saudi Arabia to 221.

 

4) Saudi Aramco has signed a cooperation agreement with the Kingdom’s Small & Medium Enterprises General Authority (Monsha'at) during Biban Eastern Forum held at the Dhahran International Exhibition Center

 

5) Nomu-listed Arab Sea Information Systems Co. expects to disclose 2018 financial statements by April 23, it said in a bourse statement on Thursday.

 

6) Brent crude on Friday gained 94 cents to reach $70.34/bbl, while WTI crude rose 98 cents to $63.08/bbl.   ​

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