6 things to watch on Tadawul today

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

1) The Saudi Stock Exchange (Tadawul) approved a request from the Ministry of Finance to list government debt instruments reissue worth over SAR 1.41 billion starting today.

2) The Debt Management Office (DMO) of the Ministry of Finance announced that it has closed the November 2019 issuance under the Saudi Arabian Government SAR-denominated sukuk program.

3) Al-Gharra International for Real Estate Development Co., 80% owned by Knowledge Economic City’s (KEC), signed a deal with Hilton Worldwide to operate a 300-room hotel in Madinah Gate project.

4) Al Ahsa Development Co. (ADC) announced on Wednesday extending a binding memorandum of understanding (MoU) to buy Al Salam Medical Services Co. for 93 days until Feb. 28, 2020.

5) Wafrah for Industry and Development Co.’s shareholders approved amending the company’s bylaws during the extraordinary general assembly held on Nov. 26, 2019.

6) Brent crude on Thursday declined 21 cents to reach $63.85 per barrel whereas WTI Crude also decreased 26 cents to reach $57.85/bbl.