6 things to watch on Tadawul today

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

1) National Commercial Bank (NCB) and Samba Financial Group received the approval of the Saudi Central Bank (SAMA) for the merger and a number of relevant matters.

2) Solidarity Takaful Co.'s board of directors approved the resignation of chief executive officer Bader bin Khalid Al-Anzi, citing personal reasons.

3) Aseer Trading, Tourism and Manufacturing Co.’s subsidiary, Al Rabie Saudi Foods Co. Ltd., signed a Shariah-compliant financing agreement at a total value of SAR 342 million, with Samba Financial Group.

4) Saudi Ground Services Co.’s planned expansions of the Kingdom's airports will create new opportunities for the company as well as other market competitors after the end of the pandemic outbreak.

5) Eastern Province Cement Co.’s board of directors reappointed Mohammed Saad Al-Faraj Al-Subaie as chairman, and Ibrahim Salem Mohammed Al-Rowais as deputy chairman.

6) Brent crude on Wednesday gained 24 cents to reach $57.70 per barrel. WTI crude also increased 23 cents to reach $54.99/bbl.