8 things to watch on Tadawul today

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

1) Saudi Tadawul Group Holding Co. started, on Nov. 30, retail subscription to about 10.8 million shares at SAR 105 each, as set by the book building process.

2) Alkhaleej Training and Education Co. signed a contract for the Unified Call and Communication Center project under the Tamkeen initiative - the National Program for Combating Commercial Concealment - with the Ministry of Commerce for SAR 105.8 million.

3) Arriyadh Development Co. signed a memorandum of understanding (MoU) with the Ministry of Environment, Water and Agriculture to determine the joint framework to develop the management and operation of the construction of a model wholesale vegetable and fruit market in Riyadh.

4) Fawaz Abdulaziz Alhokair Co. (Fawaz Alhokair) signed two new master franchise agreements with Subway, and Lebanese cake shop concept Secrets.

5) Maharah Human Resources Co. said its fully-owned subsidiary Growth Avenue Investment Co. signed a MoU to acquire 40% stake in Salis For Trading and Marketing Co., which owns Soror application.

6) Nama Chemicals completed the sale of the entire remaining treasury shares that were been repurchased for employee stock grant program.

7) Saudi Arabian Cooperative Insurance Co. (SAICO) received the Saudi Central Bank's (SAMA) approval on renewing its insurance license for three years.

8) Brent crude on Wednesday fell $2.87 to reach $70.57 per barrel while WTI crude increased $1.47 to reach $67.65/bbl.