10 things to watch on Tadawul today

21/03/2019 Argaam

 

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

 

1) Northern Region Cement Co.’s net profit after zakat and tax tumbled 75.3 percent year-on-year (YoY) to SAR 13.1 in fiscal year 2018, due to fierce competition in the Saudi and Jordanian market, along with a decline in selling prices and sold volumes.

 

2) Alkhabeer REIT Fund started trading on Saudi Stock Exchange (Tadawul) yesterday, Wednesday, March 20, it said in a statement.

 

3) Advanced Petrochemical Co.’s general assembly approves a 7 percent cash dividend for the fourth quarter of 2018, at SAR 0.70 per share, amounting to SAR 137.8 million.

 

4) Riyad Bank’s general assembly approved a 4 percent cash dividend for the second half of 2018, at SAR 0.40 per share, amounting to SAR 1.2 billion.

 

5) Saudi Automotive Services Co.’s (SASCO) board of directors has recommended a 5 percent cash dividend for the fiscal year 2018, at SAR 0.50 per share, amounting to SAR 30 million.

 

6) Saudi Company for Hardware (SACO) has repaid a loan obtained in 2015 from Banque Saudi Fransi (BSF) in full, the company said in a bourse statement.

 

7) Chubb Arabia’s board of directors has recommended withholding cash dividend for the fiscal year 2018, the company said in a bourse statement on Wednesday.

 

8) Fitaihi Holding Co.’s board of directors has recommended a 2.5 percent cash dividend for the second half of 2018, at SAR 0.25 per share, amounting to SAR 13.75 million.

 

9) Saudi Arabia's National Agricultural Development Co (NADEC) has awarded a contract to build and supply the industrial equipment for Asia’s largest olive oil mill in Al Jouf region to Germany-based GEA Group.

 

10) Brent crude on Thursday gained 11 cents to reach $68.61/bbl, while WTI crude earned 80 cents to $59.83/bbl.

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