6 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 net profit after zakat and tax of SAR 10.8 billion for fiscal year 2018, a rise of 7.7 percent year-on-year (YoY) attributed to an increase of SAR 1.4 billion in consolidated revenue.

2) Saudi Industrial Investment Group’s (SIIG) net profit after zakat and tax dropped 13.6 percent year-on-year (YoY) to SAR 867 million for fiscal year 2018, due to lower profit share from joint ventures with Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) on scheduled maintenance.

3) National Petrochemical Co.’s (Petrochem) net profit after zakat and tax jumped 31.2 percent year-on-year (YoY) to SAR 1.16 billion for fiscal year 2018, driven by higher sales value, improved production rates and lower general and administrative (G&A) expenses.

4) Saudi Basic Industries Corp. (SABIC) is set to hold a press conference on Sunday, Jan. 27, to discuss the company’s performance and results in Q4 2018.

5) Saudi Telecom Co. (STC), Etihad Etisalat Co. (Mobily) and Mobile Telecommunications Company Saudi Arabia (Zain Saudi) were awarded new 4G and 5G frequencies.

6) Saudi Real Estate Co. (Al Akaria) has launched its new brand entity as part of its strategy that focuses on serving society through offering the best services and solutions.