8 things to watch on Tadawul today

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

1) Maharah Human Resources Co.'s net profit rose 7 percent year-on-year (YoY) to SAR 222.3 million for fiscal year 2018.

2) Al Ahlia for Cooperative Insurance Co. on Wednesday submitted its request to cut capital through a rights issue to the Capital Market Authority (CMA), the company said in a bourse statement.

3) Ataa Educational Co. has issued a prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) after obtaining the approval of the Capital Market Authority (CMA) last May.

4) Saudi Fisheries Co. (Alasmak) was forced to postpone its general assembly meeting on June 18, 2019 due to lack of quorum.

5) Raydan Restaurants and Cuisines Co.’s shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on June 18.

6) Saudi British Bank (SABB) has listed and deposited the consideration shares - issued to Alawwal Bank shareholders - in eligible shareholders' accounts.

7) United Technology of Electric Substations and Switchgears Co. (USSG) signed today a conditional agreement to merge into United Transformers Electric Co. (Utec), the parent company Bawan said in a bourse statement.

8) Brent crude on Thursday gained 80 cents to reach $62.62/bbl, while WTI crude also increased 67 cents to reach $54.43/bbl.