9 things to watch on Tadawul today

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

1) Saudi Arabian Oil Co. (Saudi Aramco) said no price stabilization transactions have been executed as of December 31, 2019.

2) Saudi Basic Industries Corporation (SABIC) decided to liquidate 3 of its subsidiaries as part of its transformation plan.

3) Banque Saudi Fransi (BSF) approved Najran Cement Co.’s request to pre-settle one loan instalment worth SAR 15 million, due on Sept. 30, 2020.

4) National Agriculture Development Company (NADEC) said it is currently evaluating the financial impact of the elimination of subsidy on imported feed, except green fodder.

5) Baazeem Trading Co. (Baazeem) announced the end of the trial run of its new factory in Makkah, and its readiness to start commercial operations.

 6) National Gas & Industrialization Co.’s (GASCO) shareholders are set to vote on amending bylaws during the extraordinary general assembly meeting on January 27, 2020.

7) The agreement signed by Al Mashaar REIT to acquire 8 warehouses in Riyadh for the total amount of SAR 129.15 million is “preliminary”, according to Muscat Capital.

8) Saudi Ground Services Company (SGS) renewed its agreement with flynas to provide ground handling services to domestic and international flights for the total amount of SAR 1 billion.

9) Saudi Steel Pipe Company (SSP) secured a contract to supply oil and gas steel pipes for an amount exceeding 5% of its 2018 revenues.