Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) The second and final tranche of Saudi Arabia’s inclusion on MSCI Emerging Markets Index funds commenced yesterday, based on the closing prices on Aug. 27, 2019.
2) Knowledge Economic City’s board of directors appointed on Aug. 27 Sami Abdul Aziz Al Makhdoub as the new chief executive officer, effective from Oct. 1, 2019.
3) Alinma Tokio Marine Insurance Co. has signed a non-exclusive insurance agency agreement with Almaros for Insurance Services Co.
4) Saudi Arabian Amiantit Co. could be shut down on Sept.14, if it fails to hold an extraordinary general assembly meeting within 45 days from the date its board of directors was informed of losses.
5) The Company for Cooperative Insurance (Tawuniya) has received an approval from Saudi Arabian Monetary Agency (SAMA) to sign a contract with the Ministry of Hajj and Umrah to provide insurance services for foreign pilgrims.
6) Brent crude on Thursday fell 39 cents to reach $60.10 per barrel whereas WTI Crude also decreased 23 cents to reach $55.55/bbl.
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