6 things to watch on Tadawul today

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

1) Arab National Bank’s (ANB) net profit grew by 9.3 percent year-on-year (YoY) to SAR 3.3 billion for fiscal year 2018, backed by a decline in operating expenses (Opex) and credit provisions.

2) Jabal Omar Development Co. reported a net profit after zakat and tax of SAR 193.78 million for fiscal year 2018, versus net losses of SAR 600.96 million in year-earlier period, due to a 245 percent hike in revenue on higher sales of residential units.

3) Saudi Enaya Cooperative Insurance Co.’s board of directors has named Daniel Whitehead as chief executive officer effective from April 1, 2019.

4) Tourism Enterprise Co. (Shams) signed on Feb. 14 a memorandum of understanding (MoU) to acquire part of stakeholders’ shares in unlisted firm Hemaia Group.

5) Qassim Cement Co.’s board of directors appointed non-executive board member Adel Mohammed AlKhrashi as member of the nominations and remunerations committee.

6) Salama Cooperative Insurance Co. received on Feb. 14 the Saudi Arabian Monetary Authority’s (SAMA) approval on renewing its insurance and re-insurance license for three years starting from May 1, 2019.