8 things to watch as Tadawul starts trading

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

1) The Saudi Stock Exchange (Tadawul) approved the finance ministry’s request to list and trade SAR 8.95 billion in local-currency government debt instruments as of today.

2) The value of Saudi Arabia’s oil exports reached around SAR 62.1 billion during March 2018, rising 15 percent year-on-year, according to official data.

3) Saudi Arabia’s new Ministry of Culture plans to promote and develop the Kingdom’s vast culture and identity in line with Vision 2030, Prince Badr bin Abdullah bin Farhan Al Saud has said.

4) Saudi Real Estate Co. (Al Akaria) signed a long-term Islamic financing contract with Riyad Bank worth SAR 650 million.

5) Saudi Arabia’s residential loans portfolio amounted to SAR 125 billion by the end of Q1 2018, said SAMA governor Ahmed Alkholifey.

6) SABB Takaful Co. said Mohammed Al Yahya has resigned as company chairman, citing personal reasons.

7) Qassim Investment Holding Co. (QACO) inked a 60-day MoU for the incorporation of a new closed joint stock company at SAR 100 million in capital.

8) National Gas & Industrialization Co.’s (GASCO) general assembly approved transferring SAR 20.36 million from statutory deposit to retained earnings account.