9 things to watch on Tadawul today

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

1) Derayah REIT Fund will pay a 1.87 percent cash dividend for the third quarter of 2019, at SAR 0.187 per unit, amounting to SAR 20.06 million.

2) Al Sorayai Trading and Industrial Group Company said it has reached an agreement to deduct a SAR 14.3 million existing debt owed to Alhikma International Real estate Development Co.

3) Arabian Centres Co.’s shareholders have authorized the board of directors to pay interim semi-annual or quarterly dividend for the FY ending on March 31, 2020.

4) Al Alamiya for Cooperative Insurance Co. has inked a contract with Panda Retail Co. to provide general insurance services to the retailer’s staff for one year.

5) SEDCO Capital REIT Fund will pay a 1.65 percent cash dividend for the third quarter of 2019, at SAR 0.165 per unit, amounting to SAR 9.9 million.

6) Etihad Atheeb Telecommunication Co. (GO) expects financial statements for the fiscal year ended March 31, 2019 to be delayed until Nov. 30, 2019.

7) Saudi Public Transport Co. (SAPTCO) has signed a memorandum of understanding (MoU) with Metro Jeddah and the General Authority of Civil Aviation (GACA) to provide shuttle services to and from the new Terminal 1 at King Abdulaziz International Airport in Jeddah.

8) AlAhli REIT Fund (1) has reported a net profit of SAR 48.4 million for the first nine months of 2019.

9) Brent crude on Wednesday gained 41 cents to reach $59.30 per barrel whereas WTI Crude also increased 61 cents to reach $54.23/bbl.