What you need to know when Tadawul opens today

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

1) Several companies including United Electronics Co, (eXtra), Alandalus Property Co., Fitaihi Holding Group, Lazurde Company for Jewelry, Herfy Food Services Co., Abdulla Saad Abo Moati for Bookstore Co. (Abo Moati), temporarily closed showrooms across Saudi Arabia to contain the spread of coronavirus.

2) Northern Cement Co. appointed Sulaiman Saleem Al-Harbi as chairman of the board, for a 3-year term starting March 16, 2020.

3) Thob Al Aseel Co. will pay cash dividend for the second half of 2019 on March 28, 2020.

4) National Gypsum Co. (NGC) reported a net profit after Zakat and tax of SAR 11 million for fiscal year 2019, down 5% from SAR 11.5 million in 2018.

5) AlAhli REIT Fund reported a net profit of SAR 60 million for FY2019.

6) Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) reported a net profit before Zakat of SAR 108.9 million for FY2019, a drop of 41.2% year-on-year (YoY).

7) Al Alamiya for Cooperative Insurance Co. reported a net profit before Zakat of SAR 23.7 million for FY2019, a 24% YoY decrease.

8) Northern Region Cement Co. recommended withholding dividend for FY2019 to strengthen solvency and support future growth.

9) Mouwasat Medical Services Co. recommended a 20% cash dividend for FY2019, at SAR 2 per share, amounting to SAR 200 million.

10) Brent crude on Tuesday gained 63 cents to reach $30.68 per barrel. WTI Crude also increased $1.12 to reach $29.82/bbl.

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