5 things to watch on Tadawul today

10/12/2018 Argaam

 

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

 

1) Filling & Packing Material Manufacturing Co. (FIPCO) was assigned a “BBB+” rating of the investment grade by SIMAH's Credit Rating Agency (Tassnief), with stable outlook.

 

2) Saudi Enaya Cooperative insurance Co.’s (Enaya) shareholders are set to vote on a proposed 200 percent capital hike to SAR 300 million on Dec. 12, 2018.

 

3) Amana Cooperative insurance Co. has set the share price of its capital hike at SAR 10 per share, the prospectus said.

 

4) Investor sentiments on the Saudi stock market remained "mostly cautious" for next year, Al Rajhi Capital said in its latest survey.

 

5) The total value of assets held by investment funds in Saudi Arabia rose 4 percent quarter-on-quarter (QoQ) to SAR 283.5 billion in Q3 2018, data issued by the Capital Market Authority (CMA) showed.

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