10 things to watch on Tadawul today

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

1) Theeb Rent a Car Co. reported net profit after Zakat and tax of SAR 63.3 million for 2020, a 46% decline year-on-year (YoY).

2) Saudi Electricity Co. (SEC) reported net profit after Zakat and tax of SAR 3.026 billion in 2020.

3) Al Jouf Cement Co. reported a net loss after Zakat and tax of SAR 73.3 million for 2020.

4) Ash-Sharqiyah Development Co. narrowed its net loss after Zakat and tax to SAR 2.2 million for 2020.

5) Basic Chemicals Industries Co. (BCI) reported a profit of SAR 38.6 million for 2020, a 6% decline YoY.

6) Arab Sea Information Systems Co. reported a net loss after Zakat and tax of SAR 15.9 million for 2020.

7) Knowledge Economic City Co. (KEC) reported a net loss after Zakat and tax of SAR 25.7 million for 2020.

8) Saudi Marketing Co. (Farm Superstores) reported a net profit after Zakat and tax of 38.8 million for 2020.

9) Saudi Re for Cooperative Reinsurance Co.’s (Saudi Re) board of directors recommended a capital increase to SAR 891 million from SAR 810 million, through capitalizing SAR 81 million from retained earnings.

10) Brent crude on Wednesday gained 6 cents to reach $64.20 per barrel. WTI crude also increased 25 cents to reach $60.80/bbl.