Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Tihama Advertising and Public Relations Co.’s accumulated losses decreased as of Sept. 30, 2020 to SAR 56.4 million, or 32.2% of its capital amounting to SAR 175 million.
2) Naseej International Trading Co. submitted, on Wednesday, Nov. 11, its capital cut file to the Saudi Capital Market Authority (CMA) for approval.
3) Salama Cooperative Insurance Co.’s board of directors named Ahmed Murad as board chairman for the current term ending on July 24, 2022.
4) Saudi Real Estate Co. (Al Akaria) received a notice about the termination of Alinma-Al Akaria Fund for Real Estate Development, upon request of Al Akaria, which owns 100% of the fund's investment units.
5) Fitch Ratings affirmed Saudi Aramco’s and SABIC’s Long-Term Issuer Default Rating (IDR) at 'A', revising outlook to Negative from Stable.
6) Brent crude on Friday declined 75 cents to reach $42.78 per barrel. WTI crude also decreased 99 cents to reach $40.13/bbl.
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