6 things to watch on Tadawul today

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

1) Saudi Industrial Exports Co. (SIECO) said it will distribute on Wednesday, Nov. 14, an amount of SAR 27.3 million, representing compensation for unsubscribed shares.

2) Saudia Dairy and Foodstuff Co.’s (SADAFCO) board of directors have approved the buyback of up to 10 percent, or 3.25 million, of its shares.

3) Etihad Atheeb Telecommunication Co. (GO) said that it expects to disclose its annual financial results for the period ending on March 31, 2018 by end of December 2018.

4) Saudi Public Transport Co. (SAPTCO) on Nov. 11 signed a contract with Arriyadh Development Authority (ADA) to operate and maintain Riyadh Metro’s first and second routes.

5) Shares of Saudi Industrial Export Co. (SIECO) hit their highest level in 52 weeks on Monday, data compiled by Argaam showed.

6) A global oil output cut of one million barrels per day (mbd) is needed in order to maintain balance, Saudi Energy Minister Khalid Al-Falih said on Monday at ADIPEC 2018 in Abu Dhabi.