Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Fawaz Abdulaziz Alhokair Co.’s net profit after zakat and tax edged down 0.8 percent year-on-year (YoY) to SAR 285.7 million in the nine-month period ending on Dec. 31, 2018.
2) Saudi Investment Bank’s (SAIB) general assembly on Sunday elected board members for the new three-year term starting Feb. 14, 2019.
3) Buruj Cooperative Insurance Company (Buruj) received on Sunday the Saudi Arabian Monetary Authority’s (SAMA) approval on renewing the company’s insurance license for three years starting from Feb. 19, 2019.
4) Al Rajhi REIT Fund will pay a 3.11 percent cash dividend for the fourth quarter of 2018, at SAR 0.311 per unit, amounting to SAR 37.95 million.
5) Tihama Advertising & Public Relations Co.’s (Tihama) accumulated losses dropped to 18.4 percent of capital as of Dec. 31, 2018.
6) Alandalus Property Co. will start construction work at its Aljawhara Al Kubra project in Jeddah in Q1 2019.
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