8 things to watch on Tadawul today

07/06/2018 Argaam

 

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

 

1) Saudi Basic Industries Corporation (SABIC) is in talks with banks for a potential US dollar-denominated bond.

 

2) Mobile Telecommunications Company Saudi Arabia (Zain Saudi) refinanced and extended the maturity date of its five-year syndicated Murabaha facility of SAR 5.9 billion for an additional five years.

 

3) Abdullah A. M. Al-Khodari Sons Company’s board of directors amended its previous recommendation to raise capital by SAR 566 million instead of SAR 458 million through the issuance of new shares.

 

4) Gulf Union Cooperative Insurance Co. filed a request to the Saudi General Authority for Competition to approve its planned acquisition of Al Ahlia for Cooperative Insurance Co.

 

5) The Saudi Arabian Monetary Authority (SAMA) lifted the ban off Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF) on issuing new mandatory motor insurance policies and renewing current ones, effective June 5.

 

6) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) general assembly approved an 18.03 percent capital reduction to SAR 100 million from SAR 122 million through the cancellation of 2.2 million shares.

 

7) The Securities Depository Center (Edaa) deposited the additional shares from Mouwasat Medical Services Co.’s capital increase into shareholders’ accounts.

 

8) The Saudi Industrial Development Fund (SIDF) raised its lending cap for the industrial projects owned by, or affiliated with, Tadawul-listed firms.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.