Here are a few things you need to know as Saudi stocks start trading on Monday.
1) The Saudi Stock Exchange (Tadawul) has started reducing the par value of 29 domestic government debt instruments to SAR 1,000 from SAR 1 million yesterday.
2) Sahara International Petrochemical Co. (Sipchem) signed on May 30 a long-term hydrogen supply deal with Saudi Aramco Shell Refinery Co. (SASREF).
3) Saudi Public Transport Co. (SAPTCO) received a letter on June 1 from its subsidiary the Public Transportation Co. saying that Riyadh Development Authority has set Q4 2019 for launching commercial operations of Riyadh bus network.
4) Saudi Electricity Co. (SEC) is working to repair electricity after massive blackouts in Jazan on Saturday due to bad weather conditions and storms.
5) Al Sorayai Trading and Industrial Group opened the electronic voting on the items of the company’s extraordinary general meeting (EGM) on June 9, 2019.
6) Brent crude on Monday gained 33 cents to reach $63.62/bbl, while WTI crude also increased 33 cents to $54.32/bbl.
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