10 things to watch on Tadawul today

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

1) Etihad Atheeb Telecommunication Co. (GO) has postponed the announcement of its financial statements for the period ended September 30, 2019 until January 31, 2020

2) Kingdom Holding Co. reported a net profit of SAR 401.8 million for the first nine months of 2019, a 36.65 percent year-on-year (YoY) decline.

3) National Agriculture Marketing Co. (Thimar) announced that it has failed to publish Q3 2019 financial statements within the specified period.

4) Saudi Fisheries Co. (Alasmak) reported a net loss of SAR 29.57 million for the first nine months of 2019 from a loss of SAR 21.49 million for the same period last year.

5) Makkah Construction and Development Co. reported net profit after zakat and tax of SAR 209 million for the first nine months of 2019, a jump of 5.6 percent YoY.

6) National Company for Learning & Education (NCLE) signed a purchase agreement to fully acquire Riyadh-based Al-Khwarizmi Co. for Education for SAR 30 million.

7) Al Sagr Cooperative Insurance Co. reported a net loss before Zakat of SAR 32.66 million for the first nine months of 2019 compared to a profit of SAR 11.37 million for the same period last year.

8) The National Agricultural Development Co.’s (NADEC) board of directors has recommended a 20 percent capital hike to SAR 1.016 billion from SAR 847 million through the issue bonus shares.

9) Allianz Saudi Fransi Cooperative Insurance Co. reported net profit before zakat of SAR 26.3 million for the first nine months of 2019, a fall of 7.5 percent YoY.

10) Brent crude on Monday declined 55 cents to reach $61.96 per barrel whereas WTI Crude also decreased 48 cents to reach $56.76/bbl.