What you need to know when Tadawul opens today

23/02/2020 Argaam Special

 

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

 

1) Anaam International Holding Group widened net losses after Zakat and tax to SAR 97.8 million for the fiscal year 2019, compared to net losses of SAR 15 million a year earlier.

 

2) The Saudi Stock Exchange (Tadawul) announced the listing and trading units of “Alinma Saudi Government Sukuk ETF Fund - Short Maturity” from Feb. 24 under the symbol 9404.

 

3) Saudi Aramco received regulatory approval for the development of Jafurah unconventional gas field in the Eastern Province.

 

4) Saudi Paper Manufacturing Co. (SPMC) will vote on March 12 on dismissing the existing board of directors upon request of 2 major shareholders.

 

5) Yanbu National Petrochemical Co. (Yansab) will hold its ordinary general assembly (OGM) on March 15.

 

6) Brent crude on Friday declined 81 cents to reach $58.50 per barrel. WTI Crude also decreased 50 cents to reach $53.38/bbl.

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