What you need to know when Tadawul opens today

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

1) National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 80.09 million for fiscal year (FY) 2019, a 28.7% year-on-year (YoY) increase.

2) Saudi Automotive Services Co. (SASCO) renewed the qualification certificate required for the management, operation and maintenance of petrol stations and service centers on regional roads.

3) Dallah Healthcare Co. signed a non-binding memorandum of understanding (MoU) to acquire a majority stake in Makkah Medical Center Co.

4) Wataniya Insurance Co. (Wataniya) approved the formation of the new audit committee for the upcoming 3-year term.

5) Al Gassim Investment Holding Co. (GACO) appointed Saad bin Saeed as chairman for the current 3-year term started on Feb. 22, 2020.

6) Saudi Real Estate Co. (Al Akaria) secured a SAR 100 million sharia-compliant facility from The Saudi British Bank (SABB) to finance working capital requirements.

7) Arabian Centres Co. invited its shareholders to attend the extraordinary general assembly meeting on March 16, 2020, to vote on the issuance of Sharia compliant sukuk of up to $1 billion.

8) Tabuk Agricultural Development Co. (TADCO) will vote in the extraordinary general assembly (EGM) on March 18 to decide on reducing capital by 46.27%.

9) Brent crude on Friday declined $1.45 to reach $57.05 per barrel. WTI Crude also decreased $1.26 to reach $52.12/bbl.