8 things to watch on Tadawul today

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

1) Saudi Basic Industries Corp (SABIC) will hold a press conference on Jan. 29 to disclose Q4 financial results in the presence of CEO Yousef Al-Benyan.

2) The Saudi Stock Exchange (Tadawul) approved the request of Finance Ministry to list debt instruments issued by the government from a previously listed class, for a total value of SAR 6.005 billion.

3) Riyad Bank reported an 81.2% increase year-on-year (YoY) in net profit to SAR 5.6 billion for the fiscal year (FY) 2019.

4) Tadawul approved a request by the Ministry of Finance to list SAR 715 million worth of government debt instruments under issuance No. 07/01/2020.

5) Abdullah A. M. Al-Khodari Sons Co. invited shareholders to attend a presentation on the latest developments of its financial restructuring plan on Feb. 4.

6) Al Sorayai Trading and Industrial Group started on Jan. 27 the subscription to new shares and rights trading to raise its capital to SAR 178.16 million from SAR 65.5 million.

7) Arabian Shield Cooperative Insurance Co. received the approval of the Saudi Arabian Monetary Authority (SAMA) to renew its insurance license for 3 years.

8) Brent crude on Tuesday declined $1.84 to reach $58.85 per barrel whereas WTI Crude decreased $1.59 to reach $52.60/bbl.