6 things to watch on Tadawul today

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

1) Yanbu National Petrochemical Co. (Yansab) posted a 51.3 percent decline year-on-year (YoY) in net profit after zakat and tax to SAR 706.8 million for the first half of 2019.

2) Saudi Marketing Company (Farm Superstore) has inked a Sharia-compliant credit facility agreement with Alinma Bank at a total value of SAR 130 million.

3) United Wire Factories Co.’s (Aslak) board of directors has recommended a 2.5 percent cash dividend for the first half of 2019, at SAR 0.25 per share, amounting to SAR 10.97 million.

4) Saudi Steel Pipe Co. (SSP) has won a contract to supply oil and gas steel pipes, the company said in a statement to Tadawul on Thursday.

5) Al Kathiri Holding Co. posted a net profit after zakat and tax of SAR 7.58 million for the first half of 2019, a rise of 67.16 percent year-on-year (YoY) due to the profit generated from its air force contract.

6) Brent crude on Friday gained 54 cents to reach $62.47/bbl, while WTI crude also increased 33 cents to reach $55.63/bbl.