Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Morgan Stanley Capital Index (MSCI) has moved Bank Aljazira from MSCI Saudi Arabia Small Cap Index to MSCI Saudi Arabia Index for “leading” companies, the global index compiler said in its periodical review.
2) Saudi PIF entertainment arm rebrands to SEVEN, names new CEO.
3) Shuaa Capital plans to reveal its first deal with Jabal Omar Development Co. in the coming days, Abu Dhabi Financial Group’s Managing Director Jassim Alseddiqi told Al Arabiya channel.
4) Al Alamiya Cooperative Insurance Co. has recorded a robust performance in 2018, despite posting a 24 percent profit decline in the first nine months of the year
5) Alkhabeer REIT Fund’s initial public offering (IPO) is receiving strong turnout by investors, fund manager Alkhabeer Capital said in a statement.
6) Alawwal Bank posted a net profit of SAR 281 million in Q3 2018, in-line with market expectations of SAR 284 million but higher than Riyad Capital’s forecasts of SAR 240 million.
7) Saudi Arabia’s cabinet has scrapped the mandatory offering of finance companies’ shares to the public, state-run Saudi Press Agency reported on Tuesday.
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