8 things to watch on Tadawul today

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

1) Saudi Industrial Export Co.’s (SIECO) ordinary general assembly has approved on Oct. 1 the formation of the new audit committee.

2) Almarai Co. has appointed Saad bin Abdulmohsen AlFadly as an audit committee member following the resignation of Sultan bin Abdulmalek Al Alsheikh.

3) The Saudi British Bank (SABB) has completed the transaction to sell 1 million shares in HSBC Saudi Arabia, representing 2 percent of the issued share capital, for a total value of SAR 36 million to HSBC Asia Holdings.

4) Al Kathiri Holding Co.’s wholly-owned subsidiary, Alian Industrial Co., has inked a SAR 23.2 million credit facility agreement with the Saudi Industrial Development Fund’s (SIDF) to finance the firm’s three-dimensional concrete panel factory.

5) Dar Al-Arkan Real Estate Development Co. plans to issue US$ fixed rate "RegS" Senior Unsecured Sukuk.

6) Saudi Industrial Development Co. (SIDC) has reached a final agreement with the General Authority of Zakat and Tax (GAZT) to settle zakat claims from 2007 until the end of 2017.

7) The Saudi Stock Exchange (Tadawul) market cap rose 0.32 percent month-on-month in September 2019 to SAR 1.908 trillion.

8) Brent crude on Thursday gained 4 cents to reach $57.73 per barrel whereas WTI Crude also increased 20 cents to reach $52.84/bbl.