10 things you need to know on Tadawul today

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

1) Saudi Arabia's preliminary estimated revenue for the 2019 state budget is around SAR 978 billion, an increase of 11 percent compared to the expected revenue for 2018, according to finance minister Mohammed Al-Jadaan.

2) Saudi Arabia’s gross domestic product (GDP) grew 1.6 percent year-on-year in Q2 2018, General Authority for Statistics said.

3) Saudi Basic Industries Corporation (SABIC) awarded an engineering, procurement and construction (EPC) contract to China’s Wison Engineering Co. to establish a number of testing plants and facilities at SABIC Technology Center in Jubail.

4) Saudi Real Estate Co. (Al Akaria) signed an agreement with Alinma Investment, a unit of Alinma Bank, to set up a new joint fund, Alinma-Al Akaria Fund for real estate development.

5) Almarai, one of the top dairy and juice producers in the Gulf, has fully redeemed SAR 1.7 billion worth of senior sukuk.

6) Tabuk Agricultural Development Co. (TADCO) said the results of negotiations held on buying ASTRA Food Co.’s agriculture business will be revealed before Oct. 31, 2018.

7) Sahara Petrochemical Co. said production was resumed in a plant owned by its 75 percent-owned subsidiary, Al Waha Petrochemicals Co., following completion of maintenance works.

8) Abdullah A. M. Al-Khodari Sons Co. expects to reveal H1 2018 financial statements in October.

9) Point-of-sale (POS) transactions in Saudi Arabia rose 14 percent to SAR 19.2 billion in August from SAR 16.9 billion a year earlier, figures from the Saudi Arabian Monetary Authority (SAMA) showed.

10) Brent crude prices rose to their highest since November 2014 on Monday ahead of US sanctions against Iran. Benchmark Brent was up 45 cents at $ 83.18/bbl, while WTI crude rose 29 cents to $73.54/bbl.