7 things to watch on Tadawul today

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

1) Yamama Cement Co. reported a net profit after zakat and tax of SAR 178.5 million for the first nine months of 2019, compared to a net loss of SAR 58.8 million a year earlier.

2) Herfy Food Service Co. said that Al Rajhi Bank will start on Oct. 24, distributing H1 2019 dividend to shareholders by crediting such dividends to eligible shareholders’ accounts.

3) Saudi Indian Company for Cooperative Insurance’s (Wafa Insurance) board of directors received a letter from CEO, Abdul Rahman Al Sahli, who requested the non-renewal of his employment contract.

4) Sahara International Petrochemical Co.’s (Sipchem) board of directors has appointed Khalid Abdullah Al-Zamil as a non-executive board member representing the Al-Zamil Holding Group Co.

5) Nomu-listed Al Kathiri Holding Co. has submitted a request for transition to the Saudi Stock Exchange (Tadawul) through the automated system developed by the Capital Market Authority (CMA).

6) Saudi Fisheries Co.’s (Alasmak) board of directors has amended its capital hike recommendation to SAR 400 million from SAR 101.1 million through a SAR 298.9 million rights issue.

7) Brent crude on Wednesday gained 15 cents to reach $58.89 per barrel whereas WTI Crude also increased 12 cents to reach $52.93/bbl.