10 things to watch on Tadawul today

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

1) The price range for the initial public offering (IPO) of Saudi Tadawul Group Holding Co. (Saudi Tadawul Group) was set between SAR 95 and SAR 105 per share.

2) Bank AlJazira commenced the offer of SAR-denominated Tier 2 sukuk worth SAR 2 billion, through a private placement in Saudi Arabia.

3) Arabian Centres Co. received “Qualification Certificate of the Real Estate Developer” from the Off-plan Sales or Rent Program (Wafi) for passing the qualification criteria, with certificate No. 462 dated Nov. 17.

4) The Saudi Exchange (Tadawul) announced that Development Works Food Co. shares will be listed on the main market on Nov. 23.

5) Middle East Paper Co.’s (MEPCO) board of directors approved to start liquidation procedures of its wholly owned subsidiary, Special Achievements Co. LLC, with a capital of SAR 100,000.

6) Tihama Advertising and Public Relations Co.’s subsidiary, Tihama Education, signed a contract with the General Authority of Civil Aviation (GACA) to lease the third of the six retail units at King Abdulaziz International Airport, Jeddah.

7) Taiba Investments Co. signed a hotel management agreement with InterContinental Hotels Group (IHG) to operate the four-star Crowne Plaza Taiba Hotel & Suites in Riyadh, which is owned by Al Aqeeq Real Estate Development Co., a fully-owned subsidiary of Taiba.

8) Alkhaleej Training and Education Co.’s rights issue was 89.25% covered, as subscribers injected SAR 178.5 million in 17.85 million new shares.

9) Naseej International Trading Co.’s board of directors approved the resignation of Chief Executive Officer (CEO) Yasir Osama Al-Sebaei.

10) Brent crude on Monday declined 24 cents to reach $78.65 per barrel. WTI crude also decreased 12 cents to reach $75.82/bbl.