8 things to watch on Tadawul today

Tadawul trading screen

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

1) Abdulmohsen Alhokair Group for Tourism and Development’s accumulated losses dropped to SAR 224.59 million as of Sept. 30, 2021, amounting to 34.55 % of capital.

2) Development Works Food Co. announced the expiry of the memorandum of understanding (MoU) signed with Sea Restaurants Co. to acquire 100% of its shares, due to failure to reach an agreement between the two parties.

3) Arabian Pipes Co. secured a contract worth SAR 66 million to supply steel pipes to Saudi Aramco.

4) Jabal Omar Development Co. said that discussions with Alinma Makkah Real Estate Fund’s manager are still ongoing to reach an agreement on the settlement of all payment obligations and other liabilities owed by the developer to the fund. 

5) Bonyan REIT Fund’s board of directors approved non-fundamental changes, such as allowing non- Saudi investors to subscribe to the fund’s units. 

6) The Saudi Exchange (Tadawul) announced one-day trading halt of Anaam International Holding Group’s shares on Nov. 14, until the end of the current trading session.

7) Middle East Healthcare Co. (Saudi German Health) announced the latest developments regarding the company's projects in Makkah, Riyadh and Dammam.

8) Brent crude on Monday declined 69 cents to reach $81.48 per barrel. WTI crude also decreased 60 cents to reach $80.9/bbl.