7 things to watch on Tadawul today

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

1) National Shipping Company of Saudi Arabia (Bahri) reported a net profit after zakat and tax of SAR 371.62 million for the first nine months of 2019, a 4.7 percent year-on-year (YoY) drop.

2) Bank Albilad reported a net profit of SAR 916.6 million for the first nine months of 2019, a 22.4 percent year-on-year (YoY) increase.

3) Saudi Paper Manufacturing Co. (SPM) has signed a shariah-compliant credit facility with Saudi British Bank (SABB) to reschedule existing credit facility to manage the cash flow.

4) Saudia Dairy & Foodstuff Company (SADAFCO) reported a net profit after zakat and tax of SAR 123 million in the first six months of 2019, an increase of 18.5 percent year-on-year (YoY).

5) Tabuk Cement Co. reported a net profit after zakat and tax of SAR 17.63 million for the first nine months of 2019, as compared to a net loss of SAR 66.49 million a year earlier.

6) Advanced Petrochemical Co. signed on Oct. 20 a Murabaha facility worth SAR 250 million with Samba Financial Group.

7) Brent crude on Tuesday dropped 9 cents to reach $58.87 per barrel whereas WTI Crude remained flat at $53.31/bbl.