8 things to watch on Tadawul today
Here are a few things you need to know as Saudi stocks start trading on Wednesday. stc is considering an initial public offer (IPO) for its 100%-owned subsidiary, Arabian Internet and Communications Services Co. (solutions by stc), on the Saudi Stock Exchange (Tadawul). Yanbu National Petrochemical Co. (Yansab) announced the scheduled shutdown of two plants to carry out preventive maintenance work. National Commercial Bank (NCB) completed issuing additional Tier 1 sukuk at a value of $1.25 billion (SAR 4.69 billion). Al Moammar Information Systems Co. (MIS) announced that its 50%-owned subsid...