10 things to watch on Tadawul today

Tadawul trading screen

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

1) Alujain Holding Corp. signed an agreement with a group of shareholders at its 57.4%-owned subsidiary, National Petrochemical Industrial Company (NATPET), to buy 17.15 million shares, or 16% of NATPET’s total shares, for SAR 814.6 million.

2) Seera Group Holding reported a net loss after Zakat and tax of SAR 230 million for the first half of 2021.

3) Maharah Human Resources Co.’s board of directors recommended a 17.5% cash dividend for H1 2021, at SAR 1.75 per share, amounting to SAR 65.63 million.

4) Dar Al Arkan Real Estate Development Co. reported a net profit after Zakat and tax of SAR 51 million for H1 2021.

5) Development Works Food Co. turned to a net profit after Zakat and tax of SAR 3 million for H1 2021.

6) SABB Takaful Co. reported a net income of SAR 1.7 million for H1 2021.

7) Saudi Arabian Cooperative Insurance Co. (SAICO) reported net losses of SAR 32.4 million in H1 2021.

8) Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 7.4 million for H1 2021, a rise of 23% year-on-year (YoY).

9) Saudi Cable Co. trimmed net loss after Zakat and tax to SAR 55.1 million in H1 2021.

10) Brent crude on Wednesday gained 7 cents to reach $69.10 per barrel. WTI crude also increased 6 cents to reach $66.65/bbl.