What you need to know when Tadawul opens today

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

1) Al Ahli Takaful Co. (ATC) reported a net profit before Zakat of SAR 13.7 million for the fiscal year 2019, a rise of 32% year-on-year (YoY).

2) Umm Al-Qura Cement Co. will vote on distributing a 2.5% cash dividend, or SAR 0.25 a share, amounting to SAR 13.7 million for the second half of 2019, during the general assembly meeting to be held on April 6, 2020.

3) Saudi Arabia Refineries Co. (SARCO) recommended a 10% cash dividends for FY2019, at SAR 1 per share.

4) Northern Region Cement Co. reported a net profit after Zakat and tax of SAR 92.8 million for FY2019.

5) Saudi Advanced Industries Co. (SAIC) said that the board of directors of its 31.62% affiliate, Deutsche Gulf Finance, recommended a SAR 0.5 per share cash dividend for FY2019.

6) Al-Etihad Cooperative Insurance Co. reported a net profit before Zakat of SAR 64.3 million for FY2019, a fall of 27% YoY.

7) Saudi Aramco received a directive from the Ministry of Energy to increase its maximum sustainable capacity (MSC) to 13 million barrels per day (mbpd) from 12 mbpd.

8) United Wire Factories Co. (Aslak) submitted a request to the Capital Market Authority (CMA to cut its capital by 20%.

9) Alujain Holding’s ordinary general meeting (OGM), slated for Tuesday, March 10, was cancelled due to some violations by shareholders.

10) Brent crude on Thursday declined $1.46 to reach $34.33 per barrel. WTI Crude also decreased $1.26 to reach $31.72/bbl.