7 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 Real Estate Co. (Al Akaria) incurred net loss after zakat and tax of SAR 183 million for FY 2018, versus net profit of SAR 132 million a year earlier.

2) Riyad REIT Fund signed with Hilton an agreement to manage and operate Hilton Garden Inn Riyadh Hotel, the fund manager Riyad Capital said.

3) Saudi Arabia encourages bank mergers to bolster the local sector and overall economy, said Ahmed Alkholifey governor, Saudi Arabian Monetary Authority (SAMA).

4) Salaries and remunerations of directors on boards of companies, authorities, government organizations or any similar entity are exempt from the value-added tax (VAT), the General Authority of Zakat and Tax said.

5) Saudi Co. for Hardware (SACO) said it will pay cash dividend for the second half of 2018 on April 17.

6) Al-Babtain Power and Telecommunication Co. announced the payment of cash dividend for the fourth quarter of 2018 on April 25.

7) Brent crude and WTI were trading flat on Monday morning at $71.46/bbl and $63.65/bbl.