8 things to watch on Tadawul today

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

1) Thob Al Aseel Co.’s board of directors has recommended a 10 percent cash dividend for the first half of 2018, at SAR 1 per share, amounting to SAR 30 million.

2) Jarir Marketing Co.’s shareholders approved a 33.3 percent capital hike to SAR 1.2 billion from SAR 900 million, through bonus shares.

3) Saudi Industrial Services Co. (SISCO) was able to reduce its loans to about SAR 900 million from SAR 1.2 billion over the past few years, CEO Mohammed Mudarres said.

4) Herfy Food Services Co. has reported a net profit of SAR 151.7 million for the first nine months of 2018, edging down 0.3 percent year-on-year (YoY).

5) Nomu-listed Zahrat Al Waha for Trading Co. reported a net profit after zakat and taxes of SAR 21.6 million for the first nine months of 2018, a 53.5 percent year-on-year (YoY) plunge due to higher cost of sales.

6) Saudi Industrial Investment Group (SIIG) posted a 38.4 percent year-on-year (YoY) rise in net profit after tax and zakat to SAR 839 million in the first nine months of 2018.

7) Mobile Telecommunications Company Saudi Arabia (Zain Saudi) reported a net loss after zakat and tax of SAR 67 million in the first nine months of 2018.

8) National Petrochemical Co. (Petrochem) reported a net profit of SAR 929 million in the first nine months of 2018, surging 86.9 percent year-on-year (YoY).