6 things to watch on Tadawul today

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

1) Abdullah A. M. Al-Khodari Sons Co. appointed GIB Capital as the financial advisor for its capital reductions.

2) Saudi Steel Pipe Co. said that Tenaris Saudi Arabia Co. Ltd. (Tenaris) has successfully completed the proposed acquisition of 47.79 percent stake from Rabiah & Nassar Group and other shareholders through a private transaction.

3) Saudi Arabian Fertilizer Co. (SAFCO) reported a net profit after zakat and tax of SAR 1.74 billion in the fiscal year (FY) 2018, a surge of 97.9 percent year-on-year (YoY), attributed to higher sales volumes and average selling prices.

4) Samba Financial Group’s general assembly, on Sunday, elected board members for the new three-year term starting Jan. 20, 2019.

5) Saudi Steel Pipe Co. (SSP) announced the resignation of Riyadh Al Rabiah, the chairman of the board of directors.

6) Saudi Kayan Petrochemical Co. reported a net profit of SAR 1.7 billion for fiscal year 2018, a 154.8 percent year-on-year (YoY) increase, attributed to improved operating performance in most plants, leading to an increase in production and sales quantities.