10 things to watch on Tadawul today

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

1) Saudi Arabia's King Salman on Wednesday inaugurated and launched a total of 601 development projects worth more than SAR 16 billion in the central region of Qassim.

2) National Medical Care Co.’s net profit of SAR 11.4 million came below expectations of Al Rajhi Capital and consensus' estimates of SAR 23 million and SAR 25 million, respectively, the brokerage firm said in an earnings review.

3) Savola misses Q3 estimates on food, retail sales decline, NCB Capital (NCBC) said in its earnings review.

4) Saudi Electricity Co. (SEC) will deliver the world’s largest mobile substation next January, Saudi Press Agency (SPA) reported.

5) AlAhli REIT Fund (1) has signed a SAR 650 million Shariah-compliant Ijara facility from the National Commercial Bank (NCB), the fund said in a bourse statement.

6) Tabuk Cement widened net losses after zakat and tax to SAR 66.5 million in the first nine months of 2018.

7) Saudi British Bank (SABB) reported net income of SAR 1.25 billion in Q3 2018, in-line with Riyad Capital’s SAR 1.20 billion forecast.

8) The National Shipping Company of Saudi Arabia’s (Bahri) results will improve, Bahri’s CEO Abdullah Al-Dubaikhi told Argaam in an interview.

9) Qualified foreign investors (QFIs) increased their stakes in 44 Tadawul-listed firms on Sunday, Nov. 4.

10) Al Tayyar Travel Group incurred a net loss after zakat and tax of SAR 163 million in the first nine months of 2018.