5 things to watch on Tadawul today

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

1) Arabian Centres Co. has signed a Shariah-compliant Ijara and revolving Murabaha facilities worth $1.4 billion (SAR 5.25 billion) with several banks.

2) The board of directors of AlAhli REIT Fund (1) has decided to commence the procedures of registering the fund with the General Authority for Zakat and Income for the purpose of Zakat.

3) Al Ahsa Development Co. said that its capital hike circular is available to shareholders on the Saudi Capital Market Authority’s (CMA) website.

4) Arabian Centres Co. has announced that it has completed the offering of its USD denominated Shariah-compliant sukuk at a par value of $200,000.

5) Brent crude on Thursday declined 16 cents to reach $62.24 per barrel whereas WTI Crude also gained $1.90 to reach $57.11/bbl.