What you need to know when Tadawul opens today

13/02/2020 Argaam Special

 

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

 

1) The Saudi Stock Exchange (Tadawul) lifted the trading suspension placed on the shares of Saudi Arabia Refineries Co. (SARCO) following the disclosure of a crucial event.

 

2) Bupa Arabia for Cooperative Insurance Co. received the approval of the Saudi Council of Cooperative Health Insurance (CCHI) to renew its license.

 

3) Qassim Cement Co. invited its shareholders to attend the general assembly meeting that will be held on March 4, 2020 to vote on the distribution of cash dividend for the fiscal year 2019.

 

4) The Saudi Arabian Monetary Authority (SAMA) approved the request of United Cooperative Assurance Co. (UCA) to amend its activity permit, limiting it to insurance activity only.

 

5) Brent crude on Thursday gained 4 cents to reach $55.83 per barrel. WTI Crude also increased 16 cents to reach $51.33/bbl.

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