8 things to watch on Tadawul today

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

1) Ataa Educational Co. (Ataa) announced that the General Authority for Competition (GAC) approved the completion of the acquisition of Al Wasat National Schools for Training and Education and Arabian Education and Training Group Co.

2) Red Sea International Co. (RSI) signed a SAR 52.93 million contract with Royal Commission for AlUla (RCU) to construct a turnkey housing complex in AlUla.

3) Shareholders of Allied Cooperative Insurance Group (ACIG) refused to approve the business contracts that were concluded with several companies.

4) The Mediterranean and Gulf Insurance and Reinsurance Co.’s (MEDGULF) board of directors amended its recommendation to increase capital via rights issue to SAR 420 million instead of SAR 350 million.

5) Maharah Human Resources Co.’s shareholders authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2021.

6) AlAbdullatif Industrial Investment Co.’s shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.

7) Saudi Arabia Refineries Co.’s (SARCO) shareholders approved the formation of the audit committee and set its tasks for the upcoming three-year term starting June 15.

8) Brent crude on Thursday declined 49 cents to reach $73.90 per barrel. WTI crude also decreased 46 cents to reach $71.69/bbl.