8 things to watch on Tadawul today

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

1) Etihad Etisalat Co. (Mobily) reported net profit after zakat and tax of SAR 105.02 million in H1 2019, versus net losses of SAR 172.03 million in year-earlier period, due to a 14 percent jump YoY in revenues.

2) Al Rajhi Bank’s board of directors recommended a 15 percent cash dividend for the first half of 2019, at SAR 1.5 per share, amounting to SAR 3.8 billion.

3) United International Transportation Co. Ltd. (Budget Saudi) reported a net profit after zakat and tax of SAR 85.1 million for the first half of 2019, a 5.8 percent year-on-year (YoY) increase attributed to an increase in the short rentals.

4) Bank Albilad’s board of directors has recommended a 4 percent cash dividend for H1 2019, to be issued at SAR 0.4 per share, totaling SAR 300 million.

5) Al-Etihad Cooperative Insurance Co. received on Thursday the Saudi Arabian Monetary Authority’s (SAMA) approval on renewing the company’s insurance license for three years starting from Nov. 17, 2019.

6) Al Moammar Information Systems Co. shareholders elected a new board of directors for a three-year term starting as of July 18, 2019.

7) Arabia Insurance Cooperative Co. (AICC) has opened, July 21, nominations for membership on the board of directors for the upcoming three-year term starting Jan. 1, 2020.

8) Brent crude on Monday gained 81 cents to reach $63.28/bbl, while WTI crude also increased 47 cents to reach $56.10/bbl.