6 things to watch on Tadawul today

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

1) Aldrees Petroleum and Transport Services Co. (Aldrees) posted a net profit after zakat and tax of SAR 47.2 million for the first half of 2019, a rise of 26.88 percent year-on-year (YoY).

2) Arriyadh Development Co.’s (ARDCO) board of directors has recommended a 4 percent cash dividend for the first half of 2019, at SAR 0.40 per share, amounting to SAR 71.11 million.

3) SABB Takaful Co. has received a no objection from the Saudi Arabian Monetary Authority (SAMA) on reappointing Mohammed bin Abdul Aziz Al Shaya as board chairman effective from July 16, 2019.

4) Sahara International Petrochemical Company (Sipchem) has completed its scheduled periodic turnaround maintenance activities for the vinyl acetate monomer plant of the International Vinyl Acetate Company (IVC), an affiliate of Sipchem.

5) A Saudi court has postponed the appeal filed by AlBaha Investment and Development Co. against Al Sateaa Modern Construction Co. until Oct. 9, 2019. 

6) Brent crude on Thursday gained 14 cents to reach $63.80/bbl, while WTI crude remained flat at $56.78/bbl.