6 things to watch on Tadawul today

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

1) Al Hammadi Company for Development and Investment reported a net profit after zakat of SAR 89.8 million for fiscal year 2018, a 16.8 percent year-on-year (YoY) decline on higher operating expenses and higher salaries driven by opening Nuzha Hospital in February last year.

2) Middle East Paper Co.’s (MEPCO) board of directors has recommended a 5 percent cash dividend for the second half of 2018, at SAR 0.50 per share, amounting to SAR 25 million.

3) L’Azurde for Jewelry Co. (L’Azurde) reported a net profit after zakat and tax of SAR 17.7 million for fiscal year 2018, a 43.8 percent year-on-year (YoY) decrease, due to higher operating expenses and higher cost of finance.

4) L’azurde Company for Jewelry’s board of directors has recommended withholding cash dividend for the fiscal year 2018.

5) Al Rajhi REIT Fund reported a net profit of SAR 49.6 million for fiscal year 2018, fund manager Al Rajhi Capital said in a bourse statement.

6) Southern Province Cement Co.’s net profit after zakat and tax fell 47.3 percent year-on-year (YoY) to SAR 195 million for fiscal year 2018, due to lower selling prices and other income.