10 things to watch on Tadawul today

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

1) Maharah Human Resources Co. reported a net profit after Zakat and tax of SAR 57 million for the first quarter of 2020, a 6% year-on-year (YoY).

2) Saudi Electricity Co. (SEC) widened net losses by 63.9% YoY to SAR 2.44 billion for Q1 2020.

3) Yanbu Cement Co.’ shareholders will vote, on June 3, on a board recommendation to distribute a 12.5% cash dividend, or SAR 1.25 per share, for the second half of 2019.

4) Saudi Cement Co. appointed Saleh Al Muhanna as an independent board member and representative of the General Organization for Social Insurance (GOSI).

5) Astra Industrial Group reported a net profit after Zakat and tax of SAR 34.1 million for Q1 2020, more than three-fold increase YoY.

6) Saudi Paper Manufacturing Co. (SPM) ceased operations at its plant and subsidiaries in Dammam Industrial City II for 4 days starting April 3, 2020.

7) Saudi Company for Hardware's (SACO) shareholders approved the board's recommendation on a dividend freeze for H2 2019.

8) Saudia Dairy & Foodstuff Company (SADAFCO) reported a net profit after Zakat and tax of SAR 265.1 million for the fiscal year 2019, a rise of 23% YoY.

9) Tabuk Agricultural Development Co. (TADCO) received a SAR 10 million worth loan from the Agricultural Development Fund of Saudi Arabia (ADF).

10) Brent crude on Monday declined 6 cents to reach $26.38 per barrel. WTI Crude also decreased 96 cents to reach $18.82/bbl.