8 things to watch on Tadawul today

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

1) Dr. Sulaiman Al Habib Medical Services Group reported a net profit after Zakat and tax of SAR 1.376 billion for 2021, an increase of 30% year-on-year (YoY).

2) Arriyadh Development Co. (ARDCO) reported a net profit after Zakat and tax of SAR 318.3 million in 2021, up 40% YoY.

3) Al Rajhi Bank’s board of directors recommended a capital increase to SAR 40 billion from SAR 25 billion through a 60% bonus issue.

4) ARDCO’s board of directors recommended a 5% cash dividend for the second half of 2021, at SAR 0.5 per share, amounting to SAR 88.89 million.

5) Dr. Sulaiman Al Habib Medical Services Group's board of directors recommended the distribution of a 7% cash dividend, or SAR 0.7 per share, for the fourth quarter of 2021.

6) Basic Chemical Industries Co. (BCI) said that the chlorine derivatives plant in Jubail Industrial City is 98% complete, and is expected to be finalized by Q2 2022.

7) Tihama Advertising and Public Relations Co. received a letter from Dubai Court of Appeal rejecting the appeal submitted by Nasser bin Saleh Al Sarami against the company regarding its UAE affiliate, Tihama Global Co., case.

8) Brent crude on Monday declined 41 cents to reach $93.13 per barrel. WTI crude decreased 14 cents to reach $90.93/bbl.