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The Saudi market ended Tuesday's session with a slight gain of 0.1% to 8659 points (+6 points), recording the highest level of closing in three and a half years, in a market of nearly 3.7 billion of riyals (for more details on the interactive graph).
The parallel market index closed Tuesday's session with a rise of 0.3% to 3692 points (+10 points), for a bargaining value of 1.3 million RS (for more details on the interactive graphic).
Oil price: Oil prices were mixed at the end of talks on Tuesday as Brent crude advanced 0.1% to $ 67.61 a barrel, while Nymex crude fell 0.1% to $ 59.03 a barrel. as prices fell at the start of trading today Commodities and Commodities).
– The US Petroleum Institute announced that US oil inventories fell by 2.1 million barrels in the week ending March 15, while analysts forecast an increase of 1 million barrels (for more details ).
World markets: The Dow Jones index lost 27 points to 25,887 points, while the Nasdaq rose 9 points to 7,724 points, while European indices rose, the FTSE 100 index of 25 points. At 7,324 points and the German DAX index at 131 points at 11,788 points, while the majority of Asian stock indexes were mixed at the start of trading today (for more indices). current and global).
The Saudi economy: The Depositary of the Two Holy Mosques launched Tuesday in Riyadh four major projects with a total value of 86 billion riyals (for more details).
Financial results for the fourth quarter of 2018:
Announced the closing of the negotiations Tuesday and before the start of negotiations, Wednesday, 6 companies announced their financial results for the fourth quarter of 2018, As shown in the following table:
Expert Rit: The listing and trading of the fund's units is now launched under the number "4348" in the real estate fund sector.For more details).
Manufacturing: Enyos has signed an agreement for the acquisition of ASTM (Titanium Dioxide, Titanium Dioxide) operations in North America at the Ashtabula complex for $ 700 million (for more details).
Advanced: The board of directors recommended a cash dividend of 7% (0.7 per share) for the first quarter of fiscal year 2019. (For more details).
– The General Meeting approved the recommendation of the Board of Directors to distribute cash dividends for the fourth quarter of 2018, at a rate of 7% of capital (for more details).
Riyad Bank: The Ordinary General Meeting of the Bank approved the distribution to the shareholders of cash dividends corresponding to 4% of the share capital equivalent to 0.40 SR per share in the form of dividends for the second half of 2018 (for More details).
Yanbu Cement: The Board of Directors has recommended a cash dividend of 5% of the share capital (0.5 Riyals per share) to the Company's shareholders for the second half of 2018 from the balance of retained earnings (for more details).
– Al Rajhi Capital said the company's net profit for the fourth quarter of 2018 was higher than its estimate and average analysts' expectations, while maintaining its neutral rating for the stock, with a recommendation of maintain positions with a target price increase of 25 riyals (for more analysts).
Andalus Real Estate: The board of directors recommended the distribution of a cash dividend equal to 10% of the capital, equivalent to 70 million RS, of which 35 million RSAR distributed from profits of 2018 and 35 million RSR distributed from realized investment gains of 31.27%% On the fund "Al-Ahli Rit" (1)For more details).
Riyad Reit: Riyad Capital announced the acquisition of a 65 million riyal real estate fund in Riyadh financed by Sharia-compliant bank financing (for more details).
Sasco: The board of directors recommended a cash dividend equal to 5% of the share capital (equivalent to 0.5 RS per share) as a dividend for the 2018 financial yearFor more details).
East Cement: The board of directors has recommended a cash dividend of 7.5% of the share capital (equivalent to 0.75 Riyals per share) for the 2018 financial year (for more details).
Northern Cement: The Board of Directors has recommended not to distribute dividends for the year ended December 31, 2018For more details).
Electrical Industries: The Board of Directors has recommended not to distribute dividends to the Company's shareholders for the year ended December 31, 2018, in order to support and strengthen the financial position of the Company (for more details) .
Configuration: The company has secured 150 million Murabaha SAR from the International Islamic Trade Finance Corporation (IFFC) to finance the purchase of raw materials (for more details).
Global insurance: The board of directors has recommended to the general meeting not to distribute dividends for fiscal year 2018 in order to support the financial position of the company (for more details).
National Bank of Commerce: On April 10, 2019, the Bank appointed an Extraordinary General Meeting to vote on several items, including the approval of the Board of Directors' recommendation to distribute cash dividends to shareholders for the second half of 2018, at a rate of 11% of the capital (for more details).
Taiba Holding: On April 9, 2019, the Company set a date at the general meeting to vote on several points, including the approval of the recommendation of the Board of Directors to distribute cash dividends for the fourth quarter of 2018, at a rate of 5% of the capital (for more details).
South Cement: The Ordinary General Meeting of the Company, to be held on April 18, 2019, will consider the recommendation of the Board of Directors to distribute a cash dividend equal to 10% of the share capital (1 RS per share) in the form of dividends for the second half of fiscal year 2018 (for more details).
JBSCO: The Ordinary General Meeting of the Company to be held on April 9, 2019, will review the Board of Directors' recommendation to distribute a cash dividend equal to 4% of the share capital (RS $ 0.4 per share). ) for fiscal year 2018 (for more details).
Agricultural Tabuk: Khalid bin Saleh Al-Shathri reduced his stake in the company from 10.53% to 10.26% (for subsequent changes of principal owners).
Gamal Sports: NCB Capital expected CAGR growth of 11.9% and earnings growth of 13.5% between 2018 and 2023, and maintained its recommendation to increase the weight of the security with a target of increasing the price at 76.60 SAR per share. Views of analysts).
– Dividends for the company 's shareholders will start to be distributed at 5.38% on Wednesday, to 0.538 riyals per share for the fourth quarter of fiscal year 2018 (for more events in the year). ; agenda).
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