10 things to watch on Tadawul today

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

1) Saudi Kayan Petrochemical Co. (Saudi Kayan) reported net profit after Zakat and tax of SAR 492.9 million in the first quarter of 2021.

2) Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 73.4 million for Q1 2021, a fall of 20% year-on-year (YoY).

3) Makkah Construction and Development Co. (MCDC) reported net loss after Zakat and tax of SAR 11 million for Q1 2021.

4) Zamil Industrial Co. reported net profit after Zakat and tax of SAR 5.2 million in Q1 2021.

5) stc reported a net profit after Zakat and tax of SAR 2.952 billion for Q1 2021, a rise of 1% YoY.

6) Al-Baha Investment and Development Co. widened net losses after Zakat and tax to SAR 29.8 million for 2020.

7) stc board of directors recommended a 10% cash dividend for Q1 2021, at SAR 1 per share, amounting to SAR 2 billion.

8) Saudi Investment Bank’s (SAIB) shareholders approved the board of directors' recommendation on paying cash dividend at 4% of capital, or SAR 0.40 per share, totaling SAR 270 million for 2020.

9) Maharah Human Resources Co.’s board of directors accepted the resignation of CEO Abdulkarim Alnujaidi, effective from July 8, 2021.

10) Brent crude on Friday gained 71 cents to reach $66.11 per barrel. WTI crude also increased 71 cents to reach $62.14/bbl.