4 things to watch on Tadawul today

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

1) Al Tayyar Travel Group's board of directors has recommended a 43 percent capital hike to SAR 3 billion from SAR 2.096 million through issuance of three bonus shares for every seven shares held.

2) Al Abdullatif Industrial Investment Co.’s board of directors has recommended a 2.5 percent cash dividend for the fiscal year of 2018, at SAR 0.25 per share, amounting to SAR 20.31 million.

3) Herfy Food Services Co.’s net profit after zakat and tax grew by 2 percent year-on-year (YoY) to SAR 204.2 million for fiscal year 2018, driven by higher sales and a decline in selling and marketing expenses.

4) Saudi-listed banks reported an 18 percent increase year-on-year (YoY) in aggregate net profit to SAR 4.90 billion in January 2019, Saudi Arabian Monetary Authority (SAMA) data showed.