What you need to know when Tadawul opens today

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

1) National Petrochemical Industrial Company (NATPET) resumed operations at its propylene and polypropylene facilities (PP) in Yanbu Industrial City.

2) Saudi Ground Services Co. (SGS) reported a 14.9% year-on-year (YoY) increase in net profit after Zakat and tax for fiscal year (FY) 2019, to SAR 423.3 million.

3) Methanol Chemicals Co. (Chemanol) reported a net loss after Zakat of SAR 84.08 million for FY2019 compared to a net profit of SAR 46.15 million a year earlier.

4) AlAhli Takaful Co. announced the resignation of its chairman Khaled AlGalib AlSharif on March 1, 2020.

5) Tabuk Cement Co. reported a net profit after Zakat and tax of SAR 24.19 million for FY2019, as compared to a net loss of SAR 98.94 million a year earlier.

6) Alandalus Property Co. reported a net profit after Zakat and tax of SAR 64.8 million for FY2019, an increase of 35% YoY.

6) Etihad Atheeb Telecommunication Co. (GO) approved a 34.8% capital cut to SAR 228.53 million from SAR 350.53 million during the extraordinary general meeting on Feb. 27, 2020.

7) Walaa Insurance Co. expects MetLife AIG ANB shares to be delisted from the Saudi Stock Exchange (Tadawul) within 6 trading days.

9) BATIC Investments and Logistics Co.’s net profit after Zakat and tax plunged 51.3% YoY to SAR 6.89 million for FY2019.

10) Brent crude on Monday gained $1.73 to reach $51.40 per barrel. WTI Crude also increased $1.41 to reach $46.17/bbl.