10 things to watch on Tadawul today

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

1) Saudi Ministry of Finance has welcomed the reports issued by international credit rating agencies, including Moody's, which affirmed the Kingdom's previous credit rating.

2) A government committee will be set up to review fixing tariffs of energy and electricity for industrial sector, Minister of Industry and Mining Bandar Alkhorayef has told Argaam.

3) Saudi Arabian Oil Co. (Saudi Aramco) plans to pay dividends at $75 billion (SAR 281.25 billion) for 2020, according to a company statement.

4) There is no substantial event that needs to be disclosed after the feedstock supply is back to normal levels, SABIC’s CEO Yousef Abdullah Al-Benyan, told Argaam.

5) Saudi banks reported a rise of 10 percent year-on-year in aggregate net profit to SAR 4.58 billion in August 2019, data from the Saudi Arabian Monetary Authority (SAMA) showed.

6) The Saudi Capital Market Authority (CMA) has approved a request from Sulaiman Al Habib Medical Services Group Co. to sell 52.5 million shares in an IPO.

7) Etihad Atheeb Telecommunication Co. (GO) reported net losses after zakat and tax of SAR 35.5 million in the six-month period ending on Sept. 30, 2019.

8) Najran Cement Co. has pre-settled three loan installments with Banque Saudi Fransi, worth SAR 45 million, it said in a bourse filing on Monday.

9) Saudi Paper Manufacturing Co. (SPM) has said in a bourse statement its accumulated losses have reached 52.7 percent, or SAR 129.13 million of capital.

10) Brent crude on Tuesday fell 1.80 percent to $60.78 per barrel whereas WTI Crude rose 0.92 percent to $54.57/bbl.