6 things to watch on Tadawul today

Tadawul trading screen

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

1) Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) signed an agreement with Al Rajhi Bank, to provide marketing and distribution of bancassurance products for the bank.

2) Shareholders of Al Alamiya for Cooperative Insurance Co. approved to elect a new board of directors for the next three-year term, started Nov. 16, 2021.

3) Arriyadh Development Co. (ARDCO) said its associate, Tanal for Real Estate Investment and Development, made early and full repayment of SAR 800 million credit facilities secured from a local bank. 

4) Saudi Basic Industries Corp.'s affiliate, Hadeed, signed a memorandum of understanding (MoU) with The Red Sea Development Co. (TRSDC), to initiate discussions on the possibility of steel supplies and solutions for the Red Sea project and to set a framework for knowledge exchange.

5) Development Works Food Co. announced that it obtained the approval of the Saudi Exchange (Tadawul) on its transition from Nomu-Parallel Market to the main market, with SAR 30 million capital, divided into three million shares.

6) Brent crude on Thursday declined 48 cents