6 things to watch on Tadawul today

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

1) Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) posted a 32 percent year-on-year (YoY) fall in net profit after zakat and tax to SAR 100.8 million for fiscal year 2018. 

2) Al Ma’athar REIT Fund will pay a 6.4 percent cash dividend for the fiscal year of 2018, at SAR 0.64 per unit, amounting to SAR 39.28 million.

3) Saudi Pharmaceutical Industries and Medical Appliances Co.’s (SPIMACO) board of directors has recommended a 10 percent cash dividend for the second half of 2018, at SAR 1 per share, amounting to SAR 120 million.

4) Saudi British Bank’s (SABB) shareholders will vote on the board’s proposal for a 10 percent cash dividend, to be issued at SAR 1 per share for H2 2018 on Apr. 1, 2019.

5) Al Yamamah Steel Industries Company will launch commercial operations at Al Yamamah Solar Power Systems plant in Q2 2019.

6) National Gas and Industrialization Co. (GASCO) said that the general assembly of its 9 percent affiliate, National Industrial Gases Co. (Gas), has approved cash dividend for the fiscal year 2018.