8 things to watch on Tadawul today

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

1) Saudi White Cement Co. reported a net profit after Zakat and tax of SAR 121.3 million in the first half of 2020.

2) Development Works Food Co. reported a net loss after Zakat and tax of SAR 6 million in H1 2020.

3) Raydan Food Co.'s board of directors recommended a capital hike through SAR 112.5 million rights issue.

4) Saudi Telecom Co. (STC) is in talks to reduce its non-binding $2.39 billion offer for a stake in Vodafone Egypt.

5) Al Gassim Investment Holding Co. (GACO) said that Riyadh court rejected an appeal claim filed by Al Bandariyah Group commercial units against the company.

6) Allied Cooperative Insurance Group's (ACIG) board of directors approved the resignation of chairman Thamer Abdullah M. Al Rayes, effective Sept. 7, 2020.

7) Saudi Electricity Co. (SEC) said the direct energy use amounted to 327.7 million barrels of oil equivalent (mboe) in 2019, an 11% reduction compared to 2016.

8) Brent crude on Wednesday declined 37 cents to reach $39.41 per barrel. WTI Crude also decreased 43 cents to reach $36.33/bbl.