6 things to watch on Tadawul today

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

1) Abdulmohsen Alhokair Group for Tourism and Development reported net loss of SAR 76.05 million for the fiscal year 2018, versus net profit of SAR 8.69 million a year earlier.

2) Jarir Marketing Co.’s board of directors has recommended a 23.5 percent cash dividend for the fourth quarter of 2018, at SAR 2.35 per share, amounting to SAR 282 million.

3) The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) appointed Tarek A. Al-Naeem as chief executive officer.

4) Swicorp Wabel REIT Fund will pay a 2.66 percent cash dividend for the period from August 6, 2018 until December 31, 2018, at SAR 0.266 per unit, amounting to SAR 31.37 million.

5) Saudi British Bank (SABB) has obtained the approval of the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, on its potential merger with Alawwal Bank.

6) City Cement Co.’s shareholders are set to vote on a board recommendation to distribute a 4 percent cash dividend for the fiscal year of 2018, during the general assembly meeting that will be held on April 4, 2019.