6 things to watch on Tadawul today

28/07/2019 Argaam

 

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

 

1) Al Ahli REIT Fund (1) has concluded a purchase agreement to acquire an office tower in Jeddah for SAR 255 million.

 

2) The second phase of Rabigh Refining and Petrochemical Company’s (Petro Rabigh) mega downstream complex will start reliability tests on August 1, 2019.

 

3) Aljazira Takaful Taawuni Co. has received the Saudi Arabian Monetary Authority’s (SAMA) no objection letter on appointing Abdul Majeed Al Sultan as board chairman.

 

4) Wataniya Insurance Co. has received the Saudi Arabian Monetary Authority’s (SAMA) no objection letter on appointing Hussein Said Akeil as board chairman.

 

5) Sharjah Sports Club Investment Co. signed a deal with Leejam Sports Co. (Fitness Time) to establish a 6,000 square meters gym at the club’s quarters in Al Hazannah, Sharjah.

 

6) Brent crude on Friday gained 7 cents to reach $63.46/bbl, while WTI crude also increased 18 cents to reach $56.20/bbl.

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