8 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) reported a net profit after zakat and tax of SAR 63.7 million for the first nine months of 2019, a 19.7 percent year-on-year (YoY) increase.

2) Al Moammar Information Systems Co.’s (MIS) board of directors has recommended a 10 percent cash dividend for the first half of 2019, at SAR 1 per share, amounting to SAR 16 million.

3) Mulkia Gulf Real Estate REIT Fund will pay a 1.7 percent cash dividend for the third quarter of 2019, at SAR 0.17 per unit, amounting to SAR 10.2 million.

4) Saudi Arabia Refineries Co.’s (SARCO) lawsuit against Saudi Aramco was postponed to Tuesday, Dec. 17, 2019.

5) Etihad Atheeb Telecommunication Co.’s (GO) lawsuit against the Communications and Information Technology Commission (CITC) has been postponed to Oct. 30, 2019.

6) Al Jouf Cement Co. received its renewed cement export license as well as a new clinker export license on Tuesday, Oct. 15, 2019.

7) Thob Al Aseel Co. and Abdullah Saad Mohammed Abo Moati for Bookstores Co. have separately filled a request to move to Tadawul via the dedicated electronic system.

8) Brent crude on Thursday dropped 39 cents to reach $59.03 per barrel whereas WTI Crude also decreased 44 cents to reach $52.92/bbl.