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 Real Estate Co. (Al Akaria) sold its entire 60% stake in Al Akaria Hanmi (Edarah) For Project Management to Hanmi Global Saudi for SAR 1.2 million.Saudi Real Estate Co. (Al Akaria) sold its entire 60% stake in Al Akaria Hanmi (Edarah) For Project Management to Hanmi Global Saudi for SAR 1.2 million.

2) Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) reported a net profit after Zakat and tax of SAR 109.5 million for 2020.

3) Dallah reported a drop of 32% year-on-year (YoY) in net profit before Zakat to SAR 100.1 million for 2020.

4) Gulf General Cooperative Insurance Co. turned to a net profit before Zakat of SAR 8.9 million in 2020.

5) Buruj Cooperative Insurance Co. reported a net profit before Zakat of SAR 17.1 million for 2020, a rise of 12% YoY.

6) Saudi Printing and Packaging Co. (SPPC) narrowed net loss after Zakat and tax to SAR 20.5 million for 2020.

7) Hail Cement Co.’s shareholders approved a 5% cash dividend for 2020, at SAR 0.5 per share, amounting to SAR 48.95 million.

8) Methanol Chemicals Co. (Chemanol) received the Saudi Industrial Development Fund’s (SIDF) approval to reschedule the outstanding loan balance of SAR 245 million from the total loan of SAR 703.18 million.

9) Saudi Advanced Industries Co.'s (SAIC) board of directors recommended the distribution of 2.5% cash dividend for second half of 2020, at SAR 0.25 per share, amounting to SAR 12.5 million.

10) Brent crude on Wednesday gained 7 cents to reach $60.86 per barrel. WTI crude also increased 5 cents to reach $57.81/bbl.