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

 

1) Saudi Company for Hardware (SACO) signed a SAR 330.91 million Shariah-compliant credit facilities agreement with the Saudi British Bank (SABB).

 

2) Baazeem Trading Co.’s net profit after zakat and tax saw a marginal rise of 0.1% year-on-year (YoY) to SAR 15.48 million for the first nine months of 2019.

 

3) Middle East Paper Co.’s (MEPCO) board of directors has appointed Abdullah Al Moammar as chairman for the new three-year period starting on Nov.14, 2019.

 

4) Saudi Industrial Investment Group (SIIG) will shut down its Saudi Chevron Phillips (SCP) project for 26-day scheduled maintenance.

 

5) Brent crude on Friday gained $1.02 to reach $63.30 per barrel whereas WTI Crude also increased 95 cents to reach $57.72/bbl.

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