6 things to watch on Tadawul today

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

1) Al-Jouf Agricultural Development Co. reported a net profit after Zakat and tax of SAR 17.4 million in 2021, down 19% year-on-year (YoY).

2) Southern Province Cement Co.’s board of directors recommended paying a cash dividend at 12.5% of capital, or SAR 1.25 a share, for H2 2021.

3) Al-Etihad Cooperative Insurance Co.'s board of directors recommended increasing capital by 12.5% to SAR 450 million from SAR 400 million, through a bonus issue (one share for each eight shares).

4) Saudi Industrial Exports Co. (SIECO) announced that its accumulated losses reached SAR 5.11 million, representing 23.64% of capital, as of Dec. 31, 2021.

5) Ahmed Al Saeed, a major shareholder of Herfy Food Services Co., announced submitting a request for terminating the company’s chairman and another board member.

6) Brent crude on Friday gained $7.65 to reach $118.11 per barrel. WTI crude also increased $8.01 to reach $115.68/bbl.