10 things to watch on Tadawul today

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

1) Saudi National Bank (SNB) reported a net profit of SAR 12.7 billion for 2021, a rise of 11% year-on-year (YoY).

2) Nayifat Finance Co. (NFC) reported a net profit after Zakat and tax of SAR 225.1 million for 2021, a rise of 12% YoY.

3) Saudi Real Estate Co. (Al Akaria) reappointed Naif AlHamdan (non-executive) as Chairman of the board of directors for the three-year term started on Jan. 31, 2022.

4) stc plans to establish a new company specializing in datacenter hosting, international and regional connectivity.

5) The Saudi Investment Bank's (SAIB) shareholders approved the board's recommendation on increasing capital from SAR 7.5 billion to SAR 10 billion through a 33.33% bonus share distribution at one share for every three outstanding shares.  

6) Seera Group Holding signed a 50-year investment and joint venture agreement with AlUla Development Co. to establish a joint venture to develop and operate a 215-room Clarion Hotel under the CHOICE brand.

7) Saudi Basic Industries Corp. (SABIC) signed an agreement to acquire Clariant’s 50% stake in Scientific Design Company Inc.

8) Leejam Sports Co. (Fitness Time) opened a new low-cost men Xpress Fitness Center in Riyadh.

9) Nama Chemicals Co.'s shareholders approved electing board members for the next three-year term, starting from Feb. 17.

10) Brent crude on Thursday fell 21 cents to reach $89.26 per barrel. WTI crude also decreased 37 cents to reach $87.89/bbl.