8 things to watch on Tadawul today

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

1) Almarai’s consolidated net profit after Zakat and tax jumped 10% to SAR 1.984 billion for the fiscal year 2020.

2) Saudi Electricity Co.’s (SEC) shareholders approved a seven-year syndicated Murabaha facility worth SAR 3 billion, to be secured from National Commercial Bank (NCB).

3) Al Moammar Information Systems Co.’s (MIS) board of directors approved the establishment of a limited liability company with 100% ownership.

4) Saudi Pharmaceutical Industries & Medical Appliances Corp (SPIMACO) received a letter from the Arabian Medical Products Manufacturing Co. (ENAYAH), stating that its warehouse in the second Industrial City in Riyadh had a fire incident on Jan. 16, 2021.

5) Zahrat Al Waha for Trading Co. signed a loan contract with the Saudi Industrial Development Fund (SIDF) valued at SAR 12.65 million.

6) Al-Babtain Power and Telecommunication Co. will distribute dividend for FY2020, starting Feb. 9, 2021.

7) Alhayat Medical Clinics (HMC) appointed Alinma Investment Co. as financial advisor for its planned initial public offering (IPO) on Nomu Parallel Market.

8) Brent crude on Monday declined 13 cents to reach $55.28 per barrel. WTI crude also decreased 6 cents to reach $52.21/bbl.