6 things to watch on Tadawul today

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

1) Savola Group net profit fell to SAR 5.6 million in the first nine months of 2018, a decline of 99 percent year-on-year (YoY), compared to a net profit of SAR 1.1 billion a year ago.

2) Saudi Marketing Co.’s (Farm Superstores) shareholders approved the sale of the company’s entire 99.95 percent stake in Lebanese subsidiary, Saudi Marketing and Trading Co., to chairman Hazem Al Aswad for SAR 115.9 million.

3) Ash-Sharqiyah Development Company has complied with a ban on green fodder in Saudi Arabia to phase out production over a period of three years

4) Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) net profit after zakat and tax slipped marginally year-on-year (YoY) to SAR 774 million in the first nine months of 2018.

5) Middle East Healthcare Co. (Saudi German Hospital) reported a net profit of SAR 141.56 million in the first nine months of 2018, a 40.2 percent year-on-year (YoY) drop attributed to higher cost of sales.

6) Shares of Saudi Industrial Exports Co. (SIECO) hit their highest level in 52 weeks on Tuesday, data compiled by Argaam showed.