7 things you need to know on Tadawul today

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

1) Saudi Airlines Catering Co. reported a net profit of SAR 121.4 million for Q1-2017, a 7 percent year-on-year decline.

2) Saudi Airlines Catering Co.’s board has recommended a 12.5 percent cash dividend to be issued at SAR 1.25 per share for Q1-2017 and to be distributed on June 8, 2017. The board also has appointed Raed Al Mudaiheem as vice chairman of the board of directors for the current term ending Jan. 25, 2019.

3) Saudi British Bank’s (SABB) 3.5 percent cash dividend (at SAR 0.35 per share) for the second half of 2016, which amounts to SAR 525 million, will be will deposited in the shareholders bank accounts on May 4.

4) The board of Abdullah Al Othaim Markets Co. has recommended amending the company bylaws to lift the restrictions on foreign ownership.

5) United International Transportation Company (Budget) reported a net profit of SAR 42.5 million in Q1-2017, a 13 percent year-on-year decline.

6) Al Tayyar Travel Group Holding Co.’s board of directors has approved a 10 percent cash dividend for fiscal year 2016, at SAR 1 per share, amounting to SAR 209.6 million.

7) Oil prices fell in early trading on Thursday, with Brent crude down 0.2 percent at $50.68 per barrel, while West Texas Intermediate (WTI) slipped 0.3 percent to $47.67.