Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in H1 2019. The bourse also signed an agreement with index provider MSCI Inc. to create a joint tradeable index that can serve as the basis for investment instruments including derivatives and ETFs.
2) Saudi Aramco awarded the first large-scale integrated services contract for its Marjan oilfield to Baker Hughes, a GE company.
3) Bank loans issued to Saudi Arabia’s public and private sectors reached SAR 1.476 trillion by end-July, compared to SAR 1.467 trillion in the year-earlier period, the Kingdom’s central bank said.
4) Saudi Arabia's non-oil private sector growth rose in August, supported by stronger output and new orders growth, said Emirates NBD.
5) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) shareholders will vote on September 10 on whether to proceed on capital hike procedures, the insurer said in a bourse filing.
6) Unitholders of Taleem REIT Fund approved an increase of the fund size to SAR 510 million from SAR 285 million by acquiring a new real estate asset, Saudi Fransi Capital said.
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