9 things to watch on Tadawul today

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

1) Saudi dairy producer Almarai Co.’s consolidated net profit after zakat and tax edged down 2.6 percent year-on-year (YoY) to SAR 336 million in the first quarter (Q1) of 2019 on the back of continuous weakness in the fresh dairy and juice market this year.

2) Etihad Atheeb Telecommunication Co. (GO) will face termination by April 25 under the Saudi Companies Law if it fails to hold an extraordinary general assembly meeting within 45 days from the date its board of directors was informed of losses.

3) Bawan Co. has finalized the transaction and regulatory approvals of fully acquiring Arnon Plastic Industries Co. Ltd., the company said in a bourse statement on Sunday.

4) Yanbu National Petrochemical Co.’s (Yansab) shareholders approved on April 4 the financial statements and board report for fiscal year 2018.

5) City Cement Co.’s shareholders have approved a 4 percent cash dividend for the fiscal year of 2018, during the general assembly meeting held on April 4, 2019.

6) Shareholders of Alinma Tokio Marine Co. will vote on SAR 1.6 million in board remuneration for fiscal year 2018 in the general assembly meeting scheduled for Apr. 28.

7) Buruj Cooperative Insurance Co.’s shareholders will vote on audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting that will be held on May 1, 2019.

8) Saudi Enaya Cooperative Insurance Co. reported SAR 45.7 million in accumulated losses, accounting for 15.23 percent of its capital as of Jan. 1, 2019.

9) Brent crude on Monday gained 32 cents to reach $70.66/bbl, while WTI crude also rose 32 cents to $63.40/bbl.