Here is what you need to know before Tadawul opens: Pre-Market
The new coronavirus variant,
Omicron, will be one of the driving forces for the Saudi stock market in the
near-term, as fears over its economic impact continue to burden investor
sentiment.
Saudi Economic and Development
Securities Co. announced the approval of raising its Capital REIT fund’s assets
value by SR701 million ($186.87 million) and the approval of the addendum of
the fund’s terms and
conditions.
Arabian Pipes Co. submitted an
application for approval to cut capital and increase the company’s capital by
offering a rights issue to the Capital Market Authority.
With reference to Allied Cooperative
Insurance Group’s previous development
recommendation, the company received the Saudi Central Bank’s approval
to expand its capital from SR141 million to SR291 million through a rights
issue for an additional six months.
Exploring the possibility of
manufacturing Clexane prefilled syringes from the Kingdom, the global
pharmaceutical giant Sanofi and Saudi Chemical Company Holding signed a
memorandum of understanding.
AlJazira Capital Market declared the
final dividend distribution of its REIT funds to shareholders standing at 3.38
percent for 12 months.
Arabian Shield Cooperative Insurance
Co. announced that e-voting on the Extraordinary General Assembly Meeting
agenda items, including a rise in share capital, will commence today, Dec.21,
at 10:00 a.m Saudi time. Source: ARAB NEWS