8 things to watch on Tadawul today

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

1) Oil giant Saudi Aramco announced a new contracting strategy for its oil and gas brownfield and plant upgrade projects.

2) Al-Hassan Ghazi Ibrahim Shaker Co.’s board of directors approved the request of chief executive officer (CEO), Azzam Saud Almudaiheem, not to renew his contract as of Nov. 18.

3) The Capital Market Authority (CMA) imposed a fine of SAR 40,000 on National Building & Marketing Co. for its violation of paragraph (2) of Article (90) of the rules on the offer of securities and continuing obligations.

4) Al Moammar Information Systems Co. (MIS) secured a three-year contract, valued at SAR 58.5 million, from the Ministry of Health.

5) Development Works Food Co. withdrew the request submitted to the Saudi Stock Exchange (Tadawul) to move to the main market.

6) Taiba Investments Co.’s shareholders will elect, on Dec. 16, a new board of directors for the upcoming three-year term starting Jan. 1, 2021.

7) Saudi Arabian Amiantit Co.’s shareholders elected new board of directors for the next three-year term starting on Jan. 1, 2021.

8) Brent crude on Thursday declined 24 cents to reach $44.10 per barrel. WTI crude also decreased 34 cents to reach $41.48/bbl.