10 things to watch on Tadawul today

Tadawul trading screen

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

1) Saudi Arabia’s gross domestic product (GDP) grew by 7% in Q3 2021 compared with a year earlier, the highest growth since 2012, according to the General Authority for Statistics (GASTAT) data.

2) Telecom major stc and Public Investment Fund (PIF) announced the successful completion of the secondary public offering of stc’s ordinary shares.

3) Herfy Food Services Co.'s board of directors recommended withholding cash dividends for 2021.

4) Al Moammar Information Systems Co. (MIS) renewed and amended a Shariah-compliant bank facility worth SAR 155 million with the National Bank of Kuwait (NBK).

5) MIS announced the commercial launch of DataRobot solutions and applications through its cloud services within the Kingdom.

6) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed its SAR 65 million Shariah-compliant credit facilities agreement with Saudi National Bank (SNB).

7) Ataa Educational Co. signed a sale and purchase agreement to acquire Naba'a Educational Co. through its wholly-owned subsidiary, Arabian Education and Training Group Holding Co.

8) Arriyadh Development Co. (ARDCO) announced transferring all administrative and financial powers to CEO Jihad Al-Qadi.

9) Saudi Arabian Cooperative Insurance Co.’s (SAICO) board of directors announced the postponement of CEO Hassan Abdullah Al-Somali’s resignation date.

10) Brent crude fell 77 cents to $72.93 per barrel while WTI crude declined 86 cents to $69.87/bbl on Wednesday morning.