9 things to watch on Tadawul today

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

1) State-owned Saudi Aramco has agreed to purchase a 17 percent stake in South Korea's Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings.

2) The Saudi Capital Market Authority (CMA) on Monday approved a request from Fawaz Abdulaziz Alhokair Co’s Arabian Centers Co. to float 95 million shares in an IPO.

3) The Saudi Investment Bank (SAIB), on Monday successfully closed its transaction of SAR 215 million subordinated Tier I Sukuk.

4) Saudi Research and Marketing Group (SRMG) has launched The Independent in Turkish language, as part of the British newspaper’s project to launch its websites in Arabic, Turkish, Urdu and Persian.

5) IHG has signed two franchise agreements including Holiday Inn Madinah King Abdulaziz Road with Loulouat Al Madinah Hospitality and Holiday Inn Jeddah Al Hamra with Al Hokair Group.

6) Shareholders of National Gas and Industrialization Co. (GASCO) on May 15 will discuss the board's recommendation on paying a 4.25 percent cash dividend.

7) Foreign investment holdings in Tadawul rise to 2.39% last week.

8) Saudi dairy producer Almarai reported SAR 3.35 billion in sales revenue in Q1 2019, up by 4 percent year-on-year on higher poultry sales.

9) Bank Albilad reported a net profit of SAR 316.5 million for the first quarter of 2019, a 23.6 percent year-on-year (YoY) increase on higher total operating income.