What you need to know when Tadawul opens today

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

1) Saudi Cement Co. posted a net profit after Zakat and tax of SAR 451.4 million for fiscal year (FY) 2019, up 12.7% year-on-year (YoY).

2) Taiba Investments Co. (Taiba) will vote on a recommendation to distribute a 4.5% cash dividend, or SAR 0.45 per share, for Q4 2019, during the general assembly meeting to be held on March 25, 2020.

3) Al Alamiya for Cooperative Insurance Co. recommended issuing no dividend for FY2019 to strengthen the company’s financial position.

4) Samba Financial Group will vote on a 7% cash dividend for the second half of 2019, at SAR 0.7 per share, during the general assembly meeting to be held on March 25, 2020.

5) Leejam Sports Co. (Fitness Time) opened on March 4 a new ladies fitness center in Mecca.

6) Yamama Cement Co. will vote on a 5% cash dividend for FY2019, at SAR 0.5 per share, during the general assembly meeting to be held on April 6, 2020.

7) Saudi Arabia Fertilizers Co. (SAFCO) invited its shareholders to attend the ordinary general assembly meeting that will be held on March 29, 2020.

8) Al Moammar Information Systems Co. (MIS) submitted a request to increase capital through the issue of 1 bonus share for every 4 shares to the Capital Market Authority (CMA).

9) Brent crude on Thursday gained 75 cents to reach $51.88 per barrel. WTI Crude also increased 60 cents to reach $47.38/bbl.