10 things to watch on Tadawul today

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

1) The lock-up period for board members and senior executives of Tadawul-listed companies whose fiscal period ends on Sept. 30, 2020, began on Sept. 16.

2) Makkah Construction and Development Co. resumed the operations of Makkah for Umrah Services Co. after finalizing internal restructuring.

3) Middle East Healthcare Co. (Saudi German Hospital) inked a Sharia-compliant credit facility agreement with Al Rajhi Bank, at a total value of SAR 305 million.

4) Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) sold a portion of a fair-value equity investment portfolio at SAR 482 million.

5) Allied Cooperative Insurance Group’s (ACIG) accumulated losses dropped to zero, upon completing the capital reduction.

6) Emaar the Economic City (Emaar EC) rescheduled the Murabaha financing agreement with Alinma Bank revising the terms of the facility.

7) United Wire Factories Co.’s (Aslak) board of directors recommended a 10% cash dividend for the second half of 2019 and the first half of 2020, at SAR 1 per share.

8) Dur Hospitality Co. signed a partnership deal with Awqaf Investment Co., the investment arm of General Authority of Awqaf (Endowment), to set up a special purpose vehicle and develop land plot number (125) in Madinah.

9) Leejam Sports Co. (Fitness Time) opened a new fitness center in Riyadh on Wednesday, Sept. 16.

10) Brent crude on Thursday declined 44 cents to reach $41.78 per barrel. WTI Crude also decreased 48 cents to reach $39.68/bbl.