8 things to consider as Tadawul starts trading

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

1) Six Saudi-listed banks have filed a preliminary assessment of the potential impact of the introduction of IFRS9 Standard on their balance sheets.

2) Saudi Arabia’s inflation rate rose 3 percent in January, following energy price hikes and implementation of the value-added tax (VAT), the latest figures from the General Authority for Statistics (GAS) showed.

3) Saudi Printing and Packaging Co.’s (SPPC) wholly-owned subsidiary, Al Madina Al Munawara Printing and Publishing Co., has been awarded a SAR 24.4 million contract by the Ministry of Education to print the academic syllabus.

4) Alandalus Property Co.’s board of directors has appointed Hathal Al Otaiby as chief executive officer for the company, effective from Feb. 25, 2018.

5) Halwani Bros Co. reported a net profit of SAR 71.3 million for fiscal year 2017, a 37.4 percent increase above the same period of last year.

6) AlMa'athar REIT reported a net profit of SAR 10.55 million for the period from July 9, 2017 to Dec. 31, 2017, fund manager Osool & Bakheet Investment Co. said on Sunday.  

7) Jadwa REIT Al Haramain Fund reported a net profit of SAR 15 million for the period from April 16, 2017 to Dec. 31, 2017.

8) Oil prices began the week higher, with Brent crude last up 0.3 percent to $67.49/bbl, while WTI crude climbed 0.4 percent to $63.83/bbl.