6 things to watch on Tadawul today

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

1) Jarir Marketing Co. reported a net profit after zakat and tax of SAR 707.8 million for the first 9 months of 2019, a 5.7 percent year-on-year (YoY) increase driven by higher sales.

2) Saudi Arabian Mining Co. (Maaden) will hold the seventh extraordinary general meeting on Nov. 4, 2019, to seek shareholders’ approval for capital increase.

3) Middle East Paper Co. (MEPCO) has renewed its SAR 200 million Sharia-compliant facility agreement with Bank Albilad.

4) Saudi Paper Manufacturing Co.’s board of directors has amended its capital cut recommendation to 62.45 percent to become SAR 92 million.

5) Bonyan REIT Fund’s zakat calculation has been completed by external advisor and proceeds have been deposited at the General Authority of Zakat and Income Tax.

6) Brent crude on Friday gained $1.41 to reach $60.51 per barrel whereas WTI Crude also increased $1.15 to reach $54.70/bbl.