6 things to watch on Tadawul today

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

1) Saudi Public Transport Co. (SAPTCO) reported a net profit after zakat and tax of SAR 22.9 million in fiscal year 2018, a 71.9 percent year-on-year (YoY) drop on higher operating costs and depreciation expenses.

2) Saudi Electricity Co.’s (SEC) board of directors has recommended a 7 percent cash dividend for the fiscal year 2018, at SAR 0.7 per share, amounting to SAR 749.3 million.

3) Almarai Co.’s shareholders are set to vote on a board recommendation to distribute an 8.5 percent cash dividend for the fiscal year of 2018, during the general assembly meeting that will be held on April 7, 2019.

4) Al Ahlia for Cooperative Insurance Co.’s board of directors has recommended on March 12 to reduce capital by around 23.1 percent to SAR 123 million from SAR 160 million.

5) Takween Advanced Industries’ (Takween) accumulated losses reached SAR 216 million, or 22.8 percent of capital, as of Dec. 31, 2018.

6) Etihad Atheeb Telecommunication Co.’s (GO) accumulated losses as on Mar. 12 reached SAR 243.9 million, or 51.63 percent of capital.