10 things to watch on Tadawul today

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

1) Alinma Bank reported a net profit of SAR 1.3 billion for H1 2019, a rise of 12 percent year-on-year (YoY) on higher operating income.

2) Al Ahsa Development Co. reported a net profit after zakat and tax of SAR 5.4 million for H1 2019 compared to a net loss of SAR 943,211 a year earlier.

3) Saudi Arabian Amiantit Co.’s board of directors has recommended 70.2 percent capital reduction to SAR 344 million from SAR 1.1 billion to offset accumulated losses.

4) Arabian Cement Co.'s board of directors has recommended a 7.5 percent cash dividend for Q2 2019, at SAR 0.75 per share, totaling SAR 75 million.

5) Saudi Ceramic Co. reduced its net losses after zakat and tax by 57.3 percent year-on-year (YoY) to around SAR 41.2 million for the first half of 2019 on higher profit margins.

6) Arabian Cement Co. reported a net profit after zakat and tax of SAR 74.5 million for the first half of 2019, as compared to a net loss of SAR 57 million.

7) Qassim Cement Co. reported a net profit after zakat and tax of SAR 126.5 million for the first half of 2019, up 67.4 percent year-on-year (YoY) driven by higher average selling prices.

8) Arab Sea Information Systems posted a net profit after zakat and tax of SAR 3.2 million for H1 2019, a rise of 65.5 percent year-on-year (YoY) due to lower cost of sales. 

9) Taiba Investments Co.'s board of directors has recommended a 4.5 percent cash dividend for Q2 2019, at SAR 0.45 per share, amounting to SAR 72.21 million.

10) Brent crude on Monday fell 75 cents to reach $61.14/bbl, while WTI crude also decreased 67 cents to reach $54.99/bbl.