6 things to watch on Tadawul today

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

1) As many as 3.1 million retail investors injected SAR 27.04 billion to subscribe to 845.1 million shares of Saudi Aramco by the end of Nov. 26.

2) Saudi Industrial Export Co. (SIECO) extended a contract with Al Jouf Cement to export 72,000 tons of cement to Jordan for another year.

3) Anaam International Holding Group Co.’s board of directors recommended a 92.35% capital cut to SAR 15 million from SAR 196 million.

4) National Gas and Industrialization Co.’s board of directors appointed Abdulrahman bin Abdulaziz bin Mohammed bin Sulaiman as new chief executive officer.

5) Anaam International Holding Group Co. will face termination by January 8, 2020 under the Saudi Companies Law if it fails to hold an extraordinary general assembly meeting within 45 days from the date its board of directors was informed of losses or shareholders fail to pass a resolution.

6) Brent crude on Wednesday declined 12 cents to reach $64.15 per barrel whereas WTI Crude also decreased 11 cents to reach $58.30/bbl.