Here are 6 factors to watch on Saudi bourse before kicking off the trading week: Sadr Logistics Co.’s SR150 million ($40 million) rights issue offering was slightly undersubscribed with around 0.2 million rump shares, which will be offered starting Dec. 21, 2021.
United Electronics Co., extra, is to complete its first expansion outside the Gulf Cooperative Council by launching a fully owned subsidiary in Egypt with an initial investment of 1 billion Egyptian pounds.
Ataa Educational Co. announced its interim financial results for the three months ended Oct. 31, 2021, in which the company boosted its net profit to SR67.8 million, up 1276 percent from SR4.9 million in the corresponding period last year.—AN
