10 things to watch on Tadawul today

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

1) Saudi British Bank (SABB) swung to a net loss of SAR 5.896 billion in the first six months of 2020.

2) Kingdom Holding Co. sustained a net loss after Zakat and tax of SAR 1.176 billion for H1 2020.

3) National Gas and Industrialization Co. (GASCO) announced that an officer in the finance department, as per the preliminary probe, was suspected of embezzlement. 

4) Dar Al Arkan Real Estate Development Co. reported a net profit after Zakat and tax of SAR 22.8 million for H1 2020, a 77% YoY decline.

5) Fawaz Abdulaziz Alhokair Co. reported a net loss after Zakat and tax of SAR 535.6 million in Q1 for the fiscal year 2021.

6) Seera Group Holding posted net profit after Zakat and tax of SAR 940 million in H1 2020.

7) National Agricultural Development Co. (NADEC) reported SAR 111.81 million in profit from ownership of used land parts in Wadi Al Dawasir, Hail, and Al Jawf.

8) Al Mashaar REIT Fund posted a net loss of SAR 12.9 million (SAR 0.22 per unit) for H1 2020.

9) Al Gassim Investment Holding Co. (GACO) reported a net profit after Zakat and tax of SAR 1.7 million for H1 2020, an 84% YoY decline.

10) Brent crude on Wednesday gained 15 cents to reach $46.01 per barrel whereas WTI Crude remained flat at $43.35/bbl.