Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Arabia Public Transport Co. (SAPTCO) will launch operations of Riyadh public transport network in the second quarter of 2021.
2) Saudi Arabian Amiantit Co. received letters from the General Authority of Zakat and Tax (GAZT) requiring it to amend Zakat declarations submitted from 2015 to 2018.
3) Hail Cement Co. paid the entire loan amount of SR152 million ($40.53 million) to Saudi Industrial Development Fund (SIDF).
4) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) applied for the approval of the Capital Market Authority (CMA) on the capital decrease.
5) Saudi Arabian Amiantit Co. said that more than 10.6 million shares were subscribed, valued at SR106.23 million, from the offer of 12 million new shares.
6) National Building & Marketing Co. extended its memorandum of understanding (MoU) to acquire a 50 percent stake in German Saudi Industrial Co. for another three months.
7) Saudi Paper Manufacturing Co. (SPM) rights trading period ends today, Dec. 21, 2020.
8) Ayyan Investment Co.’s board of directors started talks to acquire stakes held by non-controlling shareholders in 69.9 percent-owned subsidiary Al Ahsa Medical Services Co.
9) Brent crude on Monday declined $1.77 to reach $50.49 per barrel. WTI crude also decreased $1.60 to reach $47.50/bbl.
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