10 things to watch on Tadawul today

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

1) Fawaz Abdulaziz Alhokair Co.’s net profit after zakat and tax fell 22.4% year-on-year (YoY) to SAR 198.2 million in H1 for fiscal year (FY) 2020, on lower revenue.

2) Saudi Arabian Amiantit Co. said its accumulated losses as of Sept. 30, 2019 reached SAR 5 million, representing 1.4% of capital.

3) Tabuk Agricultural Development Co.’s (TADCO) board of directors recommended a 46.3 percent capital cut to SAR 241.77 million from SAR 450 million.

4) Al-Babtain Power and Telecommunication Co.’s net profit after zakat and tax climbed 25.7 percent year-on-year (YoY) to SAR 61.6 million for the first nine months of 2019.

5) Tihama Advertising and Public Relations Co. reported net losses of SAR 7.3 million for the six- month period ending Sep. 30, 2019, versus net profit of SAR 1.1 million in year-earlier period.

6) Al-Etihad Cooperative Insurance Co. reported a net profit before zakat of SAR 47.3 million for the first nine months of 2019, a fall of 42.3% YoY.

7) Al-Babtain Power and Telecommunication Co.’s board of directors announced a 5 percent cash dividend for the first nine months of 2019, at SAR 0.5 per share, amounting to SAR 21.3 million.

8) Nama Chemicals Co. reported a net loss of SAR 9.64 million for the first nine months of 2019 compared to a profit of SAR 52.36 million for the same period last year.

9) Solidarity Saudi Takaful Co. reported net loss before Zakat of SAR 42.1 million for the first nine months of 2019, compared to net profit before zakat of SAR 3 million in the same period last year.

10) Brent crude on Tuesday gained 3 cents to reach $62.21 per barrel whereas WTI Crude also decreased 1 cent to reach $56.85/bbl.