6 things to watch on Tadawul today

Tadawul trading screen

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

1) Raydan Food Co. signed a franchise agreement, registered under the "Raydan" trademark, with franchise agent Golden Star Est for Ready Meals in Cairo, Egypt.

2) Saudi Chemical Co. extended by 90 days the exclusive memorandum of understanding (MoU) signed with Hellmann Worldwide Logistics to form a joint venture (JV) for logistic services.

3) Watani Iron Steel Co. announced full repayment of a short-term loan it secured from Saudi British Bank (SABB) (formerly, Alawwal Bank before merger), amounting to SAR 40 million.

4) Saudi Real Estate Co. (Al Akaria) is finalizing the paperwork required for terminating and liquidating Alinma Real Estate Fund, which is expected to be completed within one month.

5) Mohammed Hasan Al Naqool Sons Co. completed the first phase of its expansion project in Egypt with SAR 20 million investments.

6) Brent crude on Wednesday gained 67 cents to reach $74.66 per barrel. WTI crude also increased 61 cents to reach $72.73/bbl.