Here are a few things you need to know as Saudi stocks start trading on Monday.
1) The Saudi Stock Exchange (Tadawul) approved the request of Arab Sea Information System Co. to transition its shares from the parallel market to the main market.
2) The Capital Market Authority (CMA) approved a request from AlJazira Capital Co. to sell the units of AlJazira Sukuk Fund in an initial public offering (IPO).
3) Several companies, including Electrical Industries Co., Herfy Food Services Co., Al Alamiya Cooperative Insurance Co., Tabuk Cement Co., Arab Sea Information System Co., and Gulf Union Cooperative Insurance Co., said the Kingdom's precautionary measures to curb COVID-19 will impact business.
4) The net asset value (NAV) of Jadwa REIT Al Haramain Fund reached SAR 668.29 million as of March 31, 2020.
5) Al Hammadi Company for Development and Investment’s shareholders will vote, on May 3, on audited financial statements, as well as audit and board reports for the fiscal year 2019.
6) Halwani Bros Co. shareholders are set to vote, on May 14, on a 10% cash dividend at SAR 1 a share, for FY2019.
7) OPEC, Russia and other oil producing nations agreed to reduce output by 9.7 million barrels per day (bpd) for 2 months.
8) Brent crude on Sunday gained $1.34 to reach $32.82 per barrel. WTI Crude also increased $1.11 to reach $23.87/bbl.
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