6 things to watch on Tadawul today

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

1) Abdulla Saad Abo Moati for Bookstores Co.’s board of directors has recommended a 25 percent capital hike to SAR 200 million from SAR 160 million through the issue bonus shares.

2) Al Moammar Information Systems Co. issued a prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) after obtaining the approval of the Capital Market Authority (CMA) in December.

3) The Committee for the Resolution of Securities Disputes (CRSD) has approved a legal claim filed by an investor against Mohammad AL-Mojil Group Co.’s (MMG) board of directors for irregularities related to the company’s initial public offering (IPO).

4) Union Cooperative Insurance Co.’s board of directors has recommended a 45.45 percent capital hike to SAR 400 million from SAR 275 million through the issue bonus shares.

5) Saudi Arabian Amiantit Co. said that its accumulated losses as of Feb. 20, 2019 reached SAR 514.37 million representing 44.53 percent of capital.

6) The Saudi General Authority for Competition (GAC) approved the economic concentration arising from Taiba Holding Co.’s planned acquisition of Al Aqeeq Real Estate Development Co. and Arab Resort Areas Co. (ARAC).