4 things to watch on Tadawul today

Tadawul trading screen

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

1) Yanbu National Petrochemical Co. (Yansab) reported a surge of over twofold in 2021 net profit after Zakat and tax to SAR 1.531 billion.

2) Red Sea International Co. (RSI) signed a SAR 60.5 million contract to design, manufacture, supply and install modular buildings to support The Red Sea Development Co.’s (TRSDC) construction activities on Sheybarah and Ummahat Al Shaikh islands.

3) Mulkia Gulf Real Estate REIT Fund saw four negotiated deals on its units on Jan. 19, where 7.9 million units were privately traded at a negotiated price of SAR 9.13 per unit, for a total of SAR 72 million.

4) Brent crude on Thursday fell 20 cents to reach $88.24 per barrel. WTI crude also decreased 8 cents to reach $86.88/bbl.