Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Electricity Co.’s (SEC) net profit after zakat and tax dropped 55.3 percent year-on-year (YoY) to SAR 5.6 billion for the first nine months of 2018.
2) Trade Union Cooperative Insurance Company (Trade Union) has inked an agency agreement with Kafalh Insurance Agency Co.
3) The Company for Cooperative Insurance (Tawuniya) reported a net profit of SAR 57.33 million for the first nine months of 2018, an 89.9 percent year-on-year drop.
4) Sahara Petrochemical Co. on Friday declared an emergency shutdown in the plant of its subsidiary, Al Waha Petrochemical Co., due to a technical defect in the cold box unit.
5) Saudi Real Estate Co.’s (Al Akaria) net profit after zakat and tax declined 5.4 percent year-on-year (YoY) to SAR 87.6 million in the first nine months of 2018.
6) Abdullah A. M. Al-Khodari Sons Co. expects to disclose financial statements for the first nine months of 2018 in November.
7) Alkhabeer Capital launched the initial public offering (IPO) of its Shari’ah compliant Alkhabeer REIT Fund on Sunday.
8) OPEC+ may decide on any output cuts only if persistent glut emerges, Saudi Arabia's Energy Minister Khalid Al-Falih said on Sunday.
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