5 things you need to know on Tadawul today

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

1) Abdulmohsen Alhokair Group for Tourism and Development Co. has inked a 15-year rent agreement with Jabal Omar Development Co. to rent Marriot Jabal Omar Hotel in Mecca for an annual rental value of SAR 33.5 million.

2) Baazeem Trading Co.’s board has appointed three independent board members effective from June 1, 2017, conditional upon the approval of the company’s general assembly.

3) Saudi Arabia’s Almarai Co. has earmarked around SAR 12.5 billion in capital investments from 2018-2022, as part of its new five-year plan, it said in a statement on Sunday.

4) Gulf Union Cooperative Insurance Co. plans soon to meet with Saudi Arabia’s Council of Cooperative Health Insurance (CCHI) and discuss measures required for lifting the suspension on its health insurance policies, the insurer said in a statement to Tadawul Sunday.

5) Crude oil prices edged up on Monday. Brent crude was last up 0.5 percent at $48.36/bbl and WTI crude added 0.4 percent to $46.04/bbl.