9 things to watch on Tadawul today

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

1) Raydan Cuisines and Restaurants Co. reported a net profit after zakat and tax of SAR 3.5 million for the first half of 2019, a 71.5 percent year-on-year (YoY) decrease on higher operating costs, marketing expenses, and finance charges.

2) Nomu-listed National Building and Marketing Co. expects to post Q2 2019 audited financial results before Thursday, Oct. 10.

3) The Securities Depository Center Co. (Edaa) has implemented the securities quantity decrease for Saudi Arabian Amiantit Co. into the accounts of eligible shareholders on Sep. 11.

4) The Capital Market Authority (CMA) has imposed a fine of SAR 10,000 on Raydan Food Co. and Arab Sea Information System Co. each.

5) Al Sorayai Trading and Industrial Group have reduced its accumulated losses to SAR 7.49 million, or 11.43 percent of its SAR 65.5 million capital.

6) Taleem REIT’s board of directors has decided to start the procedures to register the fund at the General Authority of Zakat and Tax.

7) Bonyan REIT Fund’s board of directors has decided to start the procedures to register the fund at the General Authority of Zakat and Tax.

8) Kingdom Holding said that one of its subsidiaries has signed a non-binding memorandum of understanding (MoU) to sell its shares in Care Shield Holding Company to Dallah Healthcare Company through share swap and cash consideration.

9) Brent crude on Thursday gained 49 cents to reach $62.87 per barrel whereas WTI Crude also increased 50 cents to reach $57.90/bbl.