8 things to watch on Tadawul today

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

1) Al Kathiri Holding Co. (Al Kathiri) announced the temporary suspension of its ready-mix concrete operations until further notice.

2) Several firms, including Tourism Enterprise Co. (Shams), Makkah Construction, Bawan Co., Lazurde Company for Jewelry, Saudi Automotive Services Co., and Allied Cooperative Insurance Group, said revenues will be affected by the government's precautionary measures to curb the COVID-19 outbreak.

3) National Medical Care Co. (Care) announced that recent events related to London Stock Exchange-listed NMC Health have no financial or operational impact on the company.

4) Alkhabeer Capital, the fund manager of Alkhabeer REIT, received several requests from real estate tenants to either reduce, reschedule or suspend due rents during the COVID-19 precautionary measures period.

5) Bawan Co.’s business segments still operating, but the 24-hour curfew directive in some cities of the Kingdom impacted the process of supply and distribution of products.

6) Saudi Company for Hardware (SACO) closed all stores in cities and regions specified under the 24-hour curfew directive until further notice.

7) Saudi Vitrified Clay Pipes Co. (SVCP) extended the non-binding memorandum of understanding (MoU) to acquire 75% of Advanced Piping Solutions Co., for additional 15 days.

8) Brent crude on Thursday gained 25 cents to reach $33.09 per barrel. WTI Crude also increased 72 cents to reach $25.81/bbl.