7 things to watch on Tadawul today

Tadawul trading screen

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

1) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 751 million for the first nine months of 2021, an increase of 40% year-on-year (YoY).

2) Yamama Cement Co. reported a net profit after Zakat and tax of SAR 172.5 million for the first nine months of 2021, a drop of 36% YoY.

3) Arabian Internet and Communications Services Co. (solutions by stc) reported a net profit after Zakat and tax of SAR 718 million for 9M 2021, an increase of 14% YoY.

4)  Saudi Fisheries Co. signed a non-binding MoU with the Arabian Agricultural Services Co. to consider future cooperation for the factory at Al-Huraydah in Aseer region.

5)  Arabia Insurance Cooperative Co. (AICC) issued the prospectus for its SAR 265 million rights issue.

6)  Al Rajhi REIT Fund appointed a legal counsel, after negotiations and judicial sessions, for the litigation against Al-Fouzan Trading & Contracting Co.

7)  Brent crude on Tuesday lost 0.43 cents to reach $84.65 per barrel (bbl). WTI crude declined 0.52 cents to reach $82.44/bbl.