4 things to watch on Tadawul today

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

1) Solidarity Saudi Takaful Co. has terminated the contractual agreements with Saudi Anadel Insurance Co. and Theatel Insurance Co. effective from Feb. 7, 2018.

2) Saudi Arabia’s King Salman has approved the collective bill initiative as part of the private sector stimulus program.

3) The Saudi British Bank’s (SABB) net profit jumped 24.6 percent year-on-year (YoY) to SAR 4.9 billion for fiscal year 2018, driven by a 22.4 percent drop in operating expenses, lower credit loss provisions and impairments of other financial assets.

4) Arabian Shield Cooperative Insurance Co. has renewed its license with Saudi Arabia's Council of Cooperative Health Insurance (CCHI) for one year until Feb. 15, 2020.