7 things you need to know on Tadawul today

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

1) Saudi Arabia reported a budget deficit of SAR 48.7 billion in Q3 2017, the finance ministry said on Sunday.

2) Saudi-listed Kingdom Holding Co. (KHC) plans to sell its stakes in the Movenpick Hotel and Four Seasons Hotel in Beirut, Reuters reported on Thursday, citing unnamed sources.

3) Jabal Omar Development Co. has hired Goldman Sachs Saudi Arabia as financial advisor for its planned merger with Umm Al Qura for Development & Construction Co., the developer said in a statement to Tadawul on Sunday.

4) Mobile Telecommunications Company Saudi Arabia (Zain Saudi) has appealed an order of the General Authority of Zakat and Tax (GAZT) to pay SAR 48 million related to withholding tax (WHT).

5) Saudi Industrial Export Co.'s (SIEC) board of directors has recommended increasing capital through SAR 54 million rights issue following the planned capital cut, the company said in a statement to Tadawul Sunday.

6) Tihama Advertising and Public Relations Co.’s board of directors on Sunday appointed board member Ibrahim Mohammed Al Shabib as vice-chairman.

7) Oil prices were mixed on Monday. Brent crude was down 0.2 percent to $62.62/bbl while WTI crude rose 0.2 percent to close at $56.64/bbl.