7 things to watch on Tadawul today

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

1) The Saudi Stock Exchange (Tadawul) approved a request from the Ministry of Finance to list debt instruments worth SAR 5.5 billion starting Oct. 24.

2) Tadawul has approved a request from the Ministry of Finance to list and trade debt instruments worth SAR 1.78 billion on Oct. 27.

3) Bank Aljazira reported a net profit of SAR 743.7 million for the first nine months of 2019, a 2.14 percent year-on-year (YoY) increase on a 9 percent YoY increase in operating income.

4) Saudi Paper Manufacturing Co. (SPM) said a general assembly meeting should be held to make a decision regarding the accumulated losses within 45 days from the board’s losses notification which ends on Nov. 13, 2019.

5) Saudi Investment Bank (SAIB) reported a net profit of SAR 308.6 million for the first nine months of 2019, a 69.99 percent year-on-year (YoY) plunge.

6) AlMa'athar REIT’s unitholders approved to amend the fund’s management fees to be 0.5 percent of gross asset value after deducting expenses.

7) Brent crude on Thursday dropped 28 cents to reach $59.42 per barrel whereas WTI Crude also decreased 41 cents to reach $54.07/bbl.