7 things to consider as Tadawul starts trading

15/08/2018 Argaam
by Nadeshda Zareen

 

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

 

1) Saudi Arabia is expected to boost its capital expenditure in H2 2018 after underspending on capex in the first six months of the year, SICO Investment Bank said in a report.

 

2) Saudi Real Estate Refinance Co (SRC) is planning to issue Islamic bonds in coming months to finance its drive to expand the Kingdom’s home mortgage market, Reuters reported, citing CEO Fabrice Susini.

 

3) Leejam Sports Co. allotted a minimum of ten shares to each subscriber in its initial public offering (IPO), Samba Capital & Investment Management Co., the financial advisor, bookrunner, lead manager and sole underwriter, said in a statement.

 

4) Saudi Public Transportation Company (SAPTCO) said its 80 percent owned subsidiary, Public Transportation Co., has secured a Murabaha loan facility at SAR 500 million from the Arab National Bank (ANB), the company said in a statement.

 

5) Jabal Omar Development Co. extended a non-binding memorandum of understanding (MoU) signed with Saudi Ground Services Company (SGS) in February 22 to study building a new passenger terminal at King Abdulaziz International Airport and Taif Regional Airport.

 

6) Amana Cooperative Insurance Co. has submitted a request to the Capital Market Authority (CMA) to raise its capital, the company said in a bourse statement.

 

7) Saudi Printing and Packaging Co.’s (SPPC) fully owned subsidiary, Madina Printing and Publishing Co., has won a SAR 14.93 million contract from the Ministry of Education to print and supply school courses for the school year 2018-19.

 

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com

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