10 things to watch on Tadawul today

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

1) Saudi Fisheries Co. widened its net loss after zakat and tax by 52.4 percent year-on-year (YoY) to SAR 19.4 million in the first half of 2019, attributed to lower sales.

2) AlBaha Investment and Development Co. reduced its losses after zakat and tax by 96 percent year-on-year (YoY) to SAR 422,327 in the first half of 2019 from SAR 10.7 million in net loss a year earlier.

3) National Gas and Industrialization Co. (GASCO) reported a net profit after zakat and tax of SAR 119.6 million for H1 2019, a rise of 66.6 percent year-on-year (YoY) on better gross profit.

4) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expects financial statements of Q2 2019 to be delayed until Oct. 31, 2019

5) Fawaz Abdulaziz Alhokair Co.’s net profit after zakat and tax in Q1 for fiscal year 2020 declined by 10 percent to SAR 224 million, compared to SAR 249.2 million in the same quarter of the previous year.

6) National Agriculture Marketing Co. (Thimar) said financial statements of Q2 2019 will be delayed.

7) Almarai Company has successfully completed its SAR 44.4 million Al Kharj solar project, making it the largest ground mount photovoltaic (PV) installation operating in the Kingdom.

8) The Capital Market Authority (CMA) has approved the request of Saudi Arabian Amiantit Co. to reduce capital from SAR 1.155 billion to SAR 344.5 million.

9) Salama Cooperative Insurance Co. sustained net losses of SAR 35.38 million in the first half of 2019, versus net profit of SAR 9.03 million in year-earlier period.

10) Brent crude on Thursday fell 4 cents to reach $60.26 per barrel whereas WTI Crude increased 4 cents to reach $55.72/bbl.