7 things to watch on Tadawul today

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Updated 10 December 2020
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7 things to watch on Tadawul today

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

1) Riyad REIT Fund signed a SR540 million ($144 million) Shariah-compliant facility agreement with Riyad Bank.

2) Ataa Educational Co. reported a net profit after Zakat and tax of SR4.9 million for Q1 2020/21 ending Oct. 31, 2020.

3) Danube Company for Foodstuffs and Commodities (Danube), a 99 percent-owned subsidiary of BinDawood Holding Co., signed a lease agreement with a real estate development firm in Bahrain to open a Danube hypermarket.

4) Abdullah Al Othaim Markets Co. opened a new store in Riyadh, bringing the total number of branches across Saudi Arabia to 250.

5) Al Gassim Investment Holding Co.’s (GACO) shareholders are set to vote, on Dec. 30, on withholding dividend for the fiscal year 2019.

6) National Agriculture Marketing Co.’s (Thimar) board of directors approved the resignation of Fayez Al Zaidi from the board and the nomination and remuneration committee.

7) Brent crude on Thursday gained 24 cents to reach $49.10 per barrel. WTI crude also increased 26 cents to reach $45.80/bbl.

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QIA, Franklin Templeton launch $200m Qatar equity fund 

Updated 17 sec ago
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QIA, Franklin Templeton launch $200m Qatar equity fund 

RIYADH: Qatar’s sovereign wealth fund has teamed up with Franklin Templeton to launch a $200 million equity fund focused on the local stock market, part of efforts to deepen liquidity and attract institutional investors to Qatar’s capital markets. 

The Qatar Investment Authority and the US asset manager said the Franklin Templeton Qatar Equity Fund will operate as a day-traded mutual fund investing in companies listed on the Qatar Stock Exchange, according to the Qatar News Agency. 

The launch comes after a PwC report earlier in February highlighted growing optimism among CEOs in Qatar, with companies increasing investment, pursuing acquisitions and expanding operations as the country pushes toward innovation-led growth. 

Mohammed Saif Al-Sowaidi, CEO of QIA, said: “With the launch of Franklin Templeton Qatar Equity Fund, QIA is further expanding our Active Asset Management Initiative to support Qatar’s financial markets.”  

He added: “As one of the largest global asset managers, Franklin Templeton brings a wealth of experience and resources to QSE and the broader Qatari economy and we look forward to working closely together on this initiative.” 

The fund aims to give investors exposure to Qatar Stock Exchange-listed equities, allowing local and international institutions to access an actively managed portfolio in the domestic market, QNA reported. 

QIA is the fund’s lead investor, contributing cash and shares, underscoring its commitment to the Qatari stock market. The reallocation of QSE-listed shares is intended to support the domestic economy and enhance market liquidity, it added. 

Franklin Templeton manages about $1.68 trillion in assets as of Dec. 31, 2025, making it one of the world’s largest investment firms. 

“Through our partnership with QIA, we aim to contribute meaningfully to the continued development of the Qatari financial ecosystem. We see this collaboration as the beginning of a long-term strategic partnership and part of a broader, multi-asset collaboration between Franklin Templeton and QIA,” said Jenny Johnson, CEO of Franklin Templeton. 

The Franklin Templeton Qatar Equity Fund represents a key step in QIA’s active asset management strategy and highlights its partnership with Franklin Templeton in supporting Qatar’s capital markets through global investment expertise.