Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Raydan Cuisines and Restaurants Co. will start trading on Saudi Stock Exchange (Tadawul) on Thursday Nov. 21, 2019.
2) Etihad Etisalat Co. (Mobily) signed on Tuesday a SAR 3 billion financing agreement with Alinma Bank to replace an existing facility.
3) Derayah REIT has completed all legal and technical procedures to acquire a logistic real estate asset in Riyadh.
4) Mulkia Gulf Real Estate REIT Fund signed an Islamic credit facility agreement with Bank Albilad to obtain an additional loan worth SAR 300 million.
5) MEFIC REIT Fund signed an agreement with Kayan Group to develop, renew and increase the revenue of Souq Sharq project, the fund’s largest asset.
6) Anaam International Holding Group Co. has canceled the memorandum of understanding (MoU) with Abdullah Abbar & Sons Cold Stores Co. and Dar Al Abbar Holding Co. to acquire real estate and commercial assets in several cities.
7) Brent crude on Tuesday declined 11 cents to reach $62.33 per barrel whereas WTI Crude also decreased 12 cents to reach $56.93/bbl.
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