What you need to know when Tadawul opens today

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

1) The initial public offering (IPO) of Sumou Real Estate Company on Nomu Parallel Market started on Feb. 16 and runs until March 19 at SAR 24 per share.

2) Dar Al-Arkan Real Estate Development Co. announced its intention to issue 7-year dollar-denominated fixed rate "RegS" Senior Unsecured sukuk.

3) United Cooperative Assurance Co. (UCA) obtained the Council of Cooperative Health Insurance’s (CCHI) approval to renew its license for 3 years.

4) The Capital Market Authority (CMA) approved Alinma Bank’s request to increase its capital to SAR 20 billion from SAR 15 billion, through issuance of 1 bonus share for every 3 shares.

5) Al-Omran Industrial Trading Co.’s board of directors approved the company’s transition from Nomu Parallel Market to the Saudi Stock Exchange (Tadawul).

6) Al Sorayai Trading And Industrial Group Company’s remaining rights issue was 858.1% oversubscribed, with a total value of SAR 28.60 million, at SAR 14.79 a share.

7) Brent crude on Monday declined 15 cents to reach $57.17 per barrel. WTI Crude also decreased 4 cents to reach $52.01/bbl.