10 things to watch on Tadawul today

25/10/2021 Argaam Special

Tadawul trading screen


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

 

1) Saudi Kayan Petrochemical Co. (Saudi Kayan) swung to a net profit after Zakat and tax of SAR 1.941 billion for the first nine months of 2021.

 

2) Al Rajhi Bank reported a net profit of SAR 10.734 billion for 9M 2021, an increase of 44% year-on-year (YoY).

 

3) Dr. Sulaiman Al Habib Medical Services Group reported a net profit after Zakat and tax of SAR 993 million for 9M 2021, an increase of 35% YoY.

 

4) Saudi National Bank (SNB) reported a net profit of SAR 9.311 billion for 9M 2021, a rise of 15% YoY.

 

5) Dallah Healthcare Co. obtained a long-term, Murabaha Shariah-compliant financing worth SAR 900 million from Al Rajhi Bank.

 

6) Shareholders of Thob Al Aseel Co. approved, on Oct. 21, increasing the company's capital by 33.33%.

 

7) Dr. Sulaiman Al Habib Medical Services Group's board of directors declared the distribution of a 7% cash dividend, or SAR 0.7 per share, for the third quarter of 2021.

 

8) Nama Chemicals Co. safely completed the scheduled periodic maintenance works for Hassad project, an affiliate with Jubail Chemical Industries Co. (JANA).

 

9) United Wire Factories Co. (Aslak) signed a memorandum of understanding (MoU) with Thamar Nutrition and Subsistence Co. to potentially acquire a stake in the latter, upon reaching a final agreement between the two parties.

 

10) Brent crude on Monday gained 75 cents to reach $86.28 per barrel. WTI crude also increased 90 cents to reach $84.66/bbl.

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