Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Basic Industries Corp. (SABIC) launched the commercial operations at the joint venture (JV) project with Exxon Mobil in the US Gulf Coast.
2) Saudia Dairy and Foodstuff Co. (SADAFCO) reported a net profit after Zakat and tax of SAR 145.9 million for the nine-month period ended on Dec. 31, 2021.
3) National Company for Learning and Education (NCLE) said that the revenues of Al Rawabi schools are the highest compared to the rest of its schools, reaching SAR 15.9 million, with a gross profit of SAR 6.6 million in the first quarter ending in November 2021.
4) Seera Group Holding announced the opening of two mid-range hotels in Jeddah as part of a group of middle-range hotels previously announced
5) Brent crude on Friday fell 49 cents to reach $87.89 per barrel. WTI crude also decreased 41 cents to reach $85.14/bbl.
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