10 things you need to know on Tadawul today

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

1) Saudi Arabia’s central bank raised interest rates on Wednesday, following a quarter point hike of a key rate by the US Federal Reserve.

2) Fawaz Abduaziz Alhokair Co. reported a net profit of SAR 391.17 million for the fiscal year ended March 31, 2017, marking a 36.5 percent decline compared to the previous year.

3) Al Sorayai Trading and Industrial Group’s board has appointed Mansour Kharboush as vice chairman for the board of directors for the current term which ends July 15, 2018.

4) Bupa Arabia for Cooperative Insurance Co. has completed the sale arrangements between Bupa and Nazer Group, on Wednesday at the agreed upon price of SAR 143 per share, totaling SAR 915.2 million.

5) Ehtihad Atheeb Telecommunications Co. (GO) reported a net loss of SAR 138.6 million for the fiscal year ended March 31, 2017 compared to a loss of SAR 148.1 million for the year before.

6) The Mediterranean and Gulf Insurance and Reinsurance Co. has renewed healthcare insurance services contract for employees of Bin Laden Group and their families for one year from July 1, 2017 with a total contract value of SAR 271.4 million.

7) Alujain shareholders approved SAR 1 per share cash dividend for FY 2016 to be paid within 15 days.

8) The National Commercial Bank (NCB) will pay SAR 1.1 per share cash dividend for the first half of 2017 on July 6, 2017.

9) Saudi Indian Co. for Cooperative Insurance’s (Wafa) general assembly approved on Wednesday a 40.49 percent capital cut to SAR 122 million.

10) Crude oil prices were mixed on Thursday, with Brent crude recovering slightly from the drop to a six-month low in the previous session. Brent was last up 0.1 percent at $47.06/bbl, while WTI crude was marginally lower at $44.71/bbl.