10 things to watch on Tadawul today

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

1) Saudi Aramco posted a net profit of $68 billion (SAR 254.86 billion) for the first nine months of 2019.

2) Saudi Research and Marketing Group (SRMG) posted a net profit after zakat and tax of SAR 235 million for the first nine months of 2019, a rise of 74.5 percent year-on-year (YoY).

3) Saudi Aramco will pay an ordinary cash dividend of $13.4 billion (SAR 50.25 billion) for Q3 2019, the company said after announcing intention to proceed with its IPO.

4) Eastern Development Co. (Sharqiyah Development) trimmed net loss after zakat and tax by 59.55 percent year-on-year (YoY) to SAR 2.34 million for the first nine months of 2019.

5) Knowledge Economic City (KEC) posted SAR 19.6 million net profit in the first nine months of 2019, as compared to a net loss of SAR 34.8 million in the same period in 2018.

6) Saudia Dairy and Foodstuff Co. (SADAFCO) has recommended to buy back 8.46 percent of its own shares, or 2.75 million, over the next 12 months.

7) Electrical Industries Co. has completed the second phase of its share buyback at a total cost of SAR 105.080.

8) Dur Hospitality Co. reported a net profit of SAR 28.5 million for the first nine months of 2019, a decline of 39.8 percent year-on-year (YoY).

9) The unit holders of Al Rajhi REIT Fund have agreed, during their meeting held on Oct 31, to increase the total asset value of the fund from SAR 1.72 billion to a maximum of SAR 2.41 billion by acquiring new real estate assets.

10) Brent crude on Monday declined 36 cents to reach $61.33 per barrel whereas WTI Crude also decreased 36 cents to reach $55.84/bbl.