9 things to watch on Tadawul today

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

1) Saudi Aramco expects to offer the shares of subsidiaries Sadara Chemical, SATORP and Yasref on the Saudi Stock Exchange (Tadawul) in the future.

2) Taleem REIT Fund posted a net profit of SAR 25.7 million for fiscal year 2018, fund manager Saudi Fransi Capital said in a bourse statement on Tuesday.

3) The Saudi Stock Exchange (Tadawul’s) market capitalization rose 3.8 percent to about SAR 2.087 trillion in March 2019, compared to the previous month.

4) City Cement Co. has invited its shareholders to run for the membership of its board of directors for the new three-year term starting on June 19, 2019.

5) The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) reported SAR 273.5 million in accumulated losses, accounting for 34.19 percent of its capital as of Dec. 31, 2018.

6) Saudi British Bank’s (SABB) shareholders have approved a 10 percent cash dividend for the second half of 2018, at SAR 1 per share, amounting to SAR 1.5 billion.

7) Etihad Atheeb Telecommunication Co. (GO) has received the approval of the Capital Market Authority (CMA) on its request to reduce capital by 25.81 percent from SAR 472.5 million to SAR 350.53 million.

8) Najran Cement Co.’s shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on April 1.

9) Brent crude on Tuesday gained 34 cents to reach $69.71/bbl, while WTI crude rose 19 cents to $62.77/bbl.