9 things to watch on Tadawul today

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

1) The Saudi Stock Exchange (Tadawul) said trading hours would remain unchanged during Ramadan.

2) Yanbu National Petrochemical Co. (Yansab) reported a net profit after Zakat and tax of SAR 104.5 million for the first quarter of 2020, a 73% year-on-year (YoY) decline.

3) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 130 million for Q1 2020, a rise of 93% YoY.

4) Arriyadh Development Co. (ARDCO) posted a net profit after Zakat and tax of SAR 35 million for Q1 2020, a decline of 18% YoY.

5) Filling and Packing Materials Manufacturing Co. (FIPCO) renewed its SAR 25 million Shariah-compliant credit facility agreement with Riyad Bank.

6) Shareholders of Saudi Aramco will vote, on May 11, on the board of directors’ report for the fiscal year 2019 and appointing an external auditor.

7) The Company for Cooperative Insurance’s (Tawuniya) board of directors appointed Abdulaziz Al Nuwaiser as chairman for a 3-year term effective from March 26, 2020.

8) Tabuk Agricultural Development Co. (TADCO) postponed its first and second extraordinary general meetings (EGM) on April 19 due to lack of quorum.

9) Brent crude on Tuesday declined 18 cents to reach $25.39 per barrel whereas WTI Crude recovered a record $39.02 from negative levels to reach $1.38/bbl.