9 things to watch on Tadawul today

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

1) United International Transportation Co. LTD. (Budget Saudi) said it will pay cash dividend for the fiscal year 2018 on May 8, 2019.

2) Saudi Arabia Refineries Co. (SARCO) will pay a 7.5 percent cash dividend for the fiscal year 2018, at SAR 0.75 per share, amounting to SAR 11.25 million for fiscal year 2018 on Wednesday, May 8.

3) Halwani Bros could not issue its audited financial statements for the first quarter of 2019 on time, as the ordinary general assembly needed to appoint the auditor for Q1 was not held.

4) Jabal Omar Real Estate Development Co.’s shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on Thursday.

5) Najran Cement Co. reported a net profit after zakat and tax of SAR 6.06 million for the first quarter of 2019, versus net losses of SAR 10.17 million in year-earlier period, on higher sales volumes and lower production per ton, despite decreased prices.

6) Saudi Research and Marketing Group (SRMG) posted a net profit after zakat and tax of SAR 79.9 million, compared to net profit of SAR 11.7 million a year earlier driven by a 44 percent rise in revenue.

7) Saudi Telecom Co. (STC) has announced new appointments to its executive management team, giving top priority to locals including women.

8) National Metal Manufacturing and Casting Co. (Maadaniyah) has narrowed its net losses in the first quarter of 2019 by 78.7 percent year-on-year to SAR 0.19 million, compared to a net loss of SAR 0.89 million a year earlier.

9) Brent crude on Monday dropped $1.42 to reach $69.43/bbl, while WTI crude also decreased $1.36 to $60.58/bbl.