5 things to watch on Tadawul today

28/01/2019 Argaam

 

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

 

1) The National Shipping Company of Saudi Arabia (Bahri) finished last Thursday the procedures of a mid-term Islamic loan worth SAR 500 million with Riyad Bank.

 

2) Abdullah Al Othaim Markets Co. has opened a new branch in Riyadh bringing its total branches in Saudi Arabia to 218.

 

3) Advanced Petrochemical Co. reported a net profit after zakat and tax of SAR 717 million for fiscal year 2018, up by 13.6 percent year-on-year (YoY) due to a 15.24 percent rise in sales revenue.

 

4) Saudi Basic Industries Corp. (SABIC) reported a 16.9 percent increase year-on-year (YoY) in net profit after zakat and tax to SAR 21.5 billion for fiscal year 2018, driven by higher average selling prices and sales volumes.

 

5) Jadwa REIT has acquired an educational property in Riyadh for a total value of SAR 25 million, fund manager Jadwa Investment said in a bourse filing on Sunday.

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