5 things to watch on Tadawul today

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

1) National Shipping Company of Saudi Arabia (Bahri) reported a 39.9 percent drop year-on-year (YoY) in net profit to SAR 481.2 million for fiscal year 2018.

2) Bank Aljazira’s net profit rose 16.7 percent year-on-year (YoY) to SAR 1 billion in fiscal year 2018, backed by a 5 percent increase in operating income.

3) Jarir Marketing Co. reported a net profit of SAR 960 million for fiscal year 2018, up 10.6 percent year-on-year (YoY) on higher sales especially of electronics.

4) Riyad Bank reported a 19.5 percent increase year-on-year (YoY) in net profit to SAR 4.7 billion for fiscal year 2018, driven by a 10.4 percent rise in gross operating income, on higher net special commission income.

5) AlAhli REIT Fund posted a net profit of SAR 66.32 million (SAR 0.48 per unit) for the period ending Dec. 31, 2018, according to a bourse filing.