10 things to watch on Tadawul today

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

1) Seera Group Holding reported a net profit of SAR 115 million for H1 2019, down 37.84 percent year-on-year (YoY) due to a 6 percent revenue decline.

2) The Company for Cooperative Insurance (Tawuniya) reported a net profit of SAR 116.43 million for H1 2019, up 45.2 percent YoY due to a 96.7 percent hike in operating performance.

3) Saudi British Bank’s (SABB) board of directors has recommended a 6 percent cash dividend for the first half of 2019, at SAR 0.60 per share, amounting to SAR 1.185 billion.

4) Qassim Cement Co. has recommended a 7.5 percent cash dividend for Q2 2019, at SAR 0.75 per share, totaling to SAR 67.5 million.

5) Knowledge Economic City reported a net profit after zakat and tax of SAR 25 million for H1 2019, versus net losses of SAR 22.3 million a year earlier on higher revenue.

6) Saudi Re for Cooperative Reinsurance Co. reported a net profit before zakat of SAR 42.6 million for H1 2019, an over threefold rise year-on-year (YoY) on higher income from shareholders.

7) Fitaihi Holding Co.’s board of directors has recommended a 2 percent cash dividend for the first half of 2019, at SAR 0.20 per share, totaling SAR 11 million.

8) Fawaz Abdulaziz Alhokair Co. signed an agreement on August 3 to fully acquire Innovative Union Company, owned by Food and Entertainment Company, for SAR 340 million.

9) City Cement Co.'s net profit after zakat and tax more than doubled year-on-year (YoY) to SAR 73.7 million for H1 2019, driven by higher sales revenue.

10) Brent crude on Tuesday gained 64 cents to reach $60.45/bbl, while WTI crude also increased 62 cents to reach $55.31/bbl.