Arab News, Tuesday, Aug 30, 2022 | Safar 3, 1444
Here’s what you need to know before Tadawul trading on Tuesday
Saudi Arabia: Saudi stocks ended
Monday’s session flat after starting the week lower on Sunday, as weak market
sentiment dampened equity performance.
Investors grew wary ahead of the Fed’s decision,
fearful of more aggressive interest rate hikes in the US and Europe that would
expose the region to similar policy moves.
The main benchmark index TASI finished almost
unchanged at 12,530, while the parallel Nomu market settled 1.2 percent down at
Qatar, Oman, and Dubai lost between 0.2 percent
and 0.8 percent, while the Abu Dhabi index slipped 1.1 percent to lead the
fallers in the Gulf.
Bahrain and Kuwait bucked the trend as they added
0.6 percent and 0.4 percent, respectively.
Elsewhere in the Middle East, Egypt’s main index
extended losses by 0.6 percent.
Oil prices continued to rebound as investors eyed
potential OPEC+ output cuts.
Brent crude rose over $3 a barrel to $104.54 and
US West Texas Intermediate reached $96.92 a barrel by 9:16 a.m. Saudi time on
Arabian International Healthcare Holding Co.
completed the acquisition of a controlling SR214 million ($57 million) stake in
Saudi medical rival Innovative Care Co.
Maharah Human Resources Co. will distribute SR1.25
per share in dividends for the first half of 2022
Al-Jouf Cement Co. received shareholders’ approval
for a capital reduction of 24 percent to SR1.09 billion
Canadian Medical Center Co.’s shareholders will
receive a dividend payout of SR1.5 per share for the first half of 2022
Saudi Steel Pipe Co. won a contract worth SR88
million for the supply of oil and gas pipes to Uruguay-based Tenaris Global
Scientific & Medical Equipment House was awarded
an SR118 million deal to operate an educational health services center at Najran
Naqi Water Co. signed an agreement to sell and
export its products to Oman
Sipchem announced that a fire broke out in a
factory owned by its unit Saudi Specialized Products Co. in Hail city
The Capital Market Authority approved Albilad
Investment Co.’s request to offer Albilad MSCI US Tech exchange-traded fund’s
units on the Saudi Exchange
September 11, 2022
Start of Arabian Plastic Industrial Co.’s IPO
September 13, 2022
End of Arabian Plastic Industrial Co.’s IPO