10 things to watch on Tadawul today

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

1) Saudi Aramco’s weight on TASI stands at 9.7% based on a price of SAR 32 and an offering ratio of 1.725%, Nayef Al-Athel, Director of Listing at Saudi Stock Exchange (Tadawul), told Argaam in an exclusive.

2) The Saudi Debt Management Office (DMO) targets domestic and international debt issuances worth SAR 76 billion in 2020, Fahad Al-Saif, DMO’s President, told Argaam in an exclusive interview.

3) Al Rajhi Capital announced the unit allocation mechanism and subscription fees in Al Rajhi REIT Fund’s public offering (IPO).

4) Najran Cement Company on Dec. 12 repurchased and canceled 45 sukuk worth SAR 45 million, representing 11.25% of the total issuance value.

5) Etihad Atheeb Telecommunication Co. (GO) submitted objection list to court in its case against CITC.

6) The Company for Cooperative Insurance (Tawuniya) signed on Dec. 11 a contract with the Ministry of Hajj and Umrah to provide insurance services for foreign pilgrims.

7) Jazan Energy and Development Co.'s (JAZADCO) announced on Thursday the cancellation of the memorandum of understanding (MoU) to acquire Jabal Ohod Holding.

8) Al Yamamah Steel Industries Co. widened losses by 85.23% year-on-year (YoY) to SAR 39.88 million for the 12 months ending Sept. 30, 2019.

9) Saudi Cable Co. posted the prospectus of its SAR 250 million rights issue.

10) Brent crude on Friday gained 1.59% to $65.22 per barrel whereas WTI Crude also increased 1.50% to $60.07/bbl.