5 things to watch on Tadawul today

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

1) Saudi Industrial Development Co.'s board of directors has appointed Abdullah bin Mohammed Al Asaker as the chairman of the board.

2) Saudi Enaya Cooperative Insurance Co. on Tuesday reoffered the remaining 4.41 million shares, after its rights issue was 77.8 percent completed.

3) Saudi Specialized Products Company (Wahaj), an affiliate of Saudi International Petrochemical Company (Sipchem), has begun commercial operations at the ethylene vinyl acetate (EVA) film plant.

4) Saudi Cement Co.'s board of directors has appointed Khalid bin Abdulrahman Saleh Al-Rajhi as the chairman of the board.

5) Saudi International Petrochemical Co. (Sipchem) and Sahara Petrochemical Co. have filed a request to the Saudi General Authority for Competition (GAC) to approve the economic concentration arising from the planned merger of both entities.