7 things to watch on Tadawul today

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

1) Saudi Kayan Petrochemical Co. reported a net profit of SAR 1.81 billion for the first nine months of 2018, more than double its net profit for the same period last year.

2) Yanbu National Petrochemical Co. (Yansab) reported a net profit after zakat and tax of SAR 2.2 billion in the first nine months of 2018, a rise of 36.4 percent year-on-year (YoY), thanks to higher selling prices and increased sales volumes. Third-quarter net profit after zakat and tax rose 13.1 percent YoY to SAR 729 million, driven by higher selling prices.

3) Shares of Saudi Arabian Fertilizers Co. (SAFCO) and Saudi Industrial Export Co. (SIECO) hit their highest level in 52 weeks on Sunday, data compiled by Argaam showed.    

4) The Securities Depository Center (Edaa) deposited the new shares of the Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) into shareholders’ portfolios on Oct. 21.

5) National Medical Care Company’s board of directors has approved the resignation of the company’s chief executive, Raed Bin Abdullah Altamimi.

6) MEDGULF has appointed Tariq bin Abdullah Al-Naeem as an acting chief executive officer for six months, starting Nov. 4, 2018.

7) Arriyadh Development Co. (ARDCO) reported a net profit of SAR 130 million for the first nine months of 2018, a 4.05 percent year-on-year (YoY) drop.