9 things to watch on Tadawul today

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

1) Ataa Educational Co. will launch a book-building process on June 27 to determine the share price for its upcoming initial public offering (IPO).

2) Sahara International Petrochemicals Co. (Sipchem) announced in a bourse statement that one of its subsidiaries, Sahara & Ma’aden Petrochemicals Co. (SAMAPCO), has signed an Islamic facility agreement with local banks to refinance its existing debt.

3) The National Industrialization Company (TASNEE) has postponed the operation of its titanium sponge project to the second half of 2019.

4) Fitaihi Holding Group (Fitaihi Group) said associate company International Medical Center (IMC) acquired three medical entities in north Jeddah, namely The First Clinic, Tadawi Center, and First Scan.

5) Middle East Financial Investment Company has updated the terms and conditions of MEFIC REIT Fund, effective from June 24, the fund manager said in a bourse statement.

6) SEDCO Capital REIT Fund will pay a 1.65 percent cash dividend for the second quarter of 2019, at a SAR 0.165 per unit amounting to SAR 9.9 million.

7) Najran Cement Co. has decided to temporarily suspend its second production line, while operations will resume at its third production line, effective from July 1, 2019.

8) Arriyadh Development Co. (ARDCO) said in a bourse statement its sister company, Tanal for Real Estate Investment and Development has secured SAR 800 million in credit facilities from a local bank. 

9) Brent crude on Wednesday gained $1.05 to reach $66.10/bbl, while WTI crude also increased $1.21 cents to reach $59.04/bbl.