10 things to watch on Tadawul today

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

1) Saudi Telecom Co. (STC) reported a marginal increase in the first six months of 2020 net profit after Zakat and tax to SAR 5.637 billion.

2) Arriyadh Development Co. (ARDCO) reported a net profit after Zakat and tax of SAR 89.7 million for H1 2020, a slump of 3% year-on-year (YoY).

3) Alkhabeer REIT Fund will pay a 2% cash dividend for H1 2020, at SAR 0.2 per unit, amounting to SAR 13.29 million.

4) STC board of directors will distribute a 10% cash dividend to shareholders for the second quarter of 2020, at SAR 1 per share, amounting to SAR 2 billion.

5) Saudi Arabian Fertilizer Co. (SAFCO) posted a net profit after Zakat and tax of SAR 663.3 million for H1 2020, a decline of 7% YoY.

6) Takween Advanced Industries narrowed net loss after Zakat and tax to SAR 8.8 million in H1 2020.

7) ARDCO’s board of directors recommended paying cash dividend at 5% of capital, or SAR 0.50 a share, totaling SAR 88.89 million for H1 2020.

8) Saudi Automotive Services Co. (SASCO) reported a net profit after Zakat and tax of SAR 12.6 million for H1 2020, a slump of 10% YoY. 

9) Al Moammar Information Systems Co. reported a net profit after Zakat and tax of SAR 41.7 million for H1 2020, a 69% increase YoY.

10) Brent crude on Thursday gained 9 cents to reach $44.38 per barrel. WTI Crude also increased 11 cents to reach $42.01/bbl.