6 things to watch on Tadawul today

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

1) Abdullah Al Othaim Markets Co. reported a net profit after zakat and tax of SAR 302.6 million for fiscal year 2018, down about 32.7 percent year-on-year (YoY), as the corresponding period last year included around SAR 112 million in nonrecurring income.

2) Al Kathiri Holding Co.’s board of directors has recommended a 20 percent capital hike to SAR 45.21 million from SAR 37.67 million through the issue of bonus shares.

3) Riyad REIT Fund will pay a 2.84 percent cash dividend for the second half of 2018, at SAR 0.28 per unit, amounting to SAR 48.08 million.

4) Saudi International Petrochemical Co. (Sipchem) on March 5 resumed operations at its International Diol Co.’s plant after scheduled maintenance.

5) Al Jouf Agricultural Development Co.’s board of directors has recommended a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 30 million.

6) Saudi Cement Co.’s shareholders on April 16 will discuss the board’s recommendation on paying cash dividend at 17.5 percent of capital, or SAR 1.75 a share, totaling SAR 267.75 million for H2 2018.