10 things to watch on Tadawul today

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

1) Yanbu National Petrochemical Co. (Yansab) reported a 33% year-on-year (YoY) slump in net profit after Zakat and tax to SAR 283 million in the first quarter of 2022.

2) Aldrees Petroleum and Transport Services Co. (Aldrees) reported a net profit after Zakat and tax of SAR 62.4 million for the first quarter of 2022, a rise of 58% YoY.

3) Methanol Chemicals Co. (Chemanol) reported an over threefold rise YoY in Q1 2022 estimated net profit after Zakat and tax to SAR 102.7 million.

4) United Wire Factories Co. (Aslak) reported a net profit after Zakat and tax of SAR 26 million for Q1 2022, an increase of 61% YoY.

5) Saudi Industrial Investment Group's (SIIG) board of directors recommended 7.5% cash dividend for H2 2021, and 7.5% cash dividend for H1 2022.

6) Shareholders of Tanmiah Food Co. approved the board’s recommendation to pay a cash dividend at 5.1% of capital, or SAR 0.51 a share for 2021.

7) Anaam International Holding Group Co. signed a Sharia-compliant credit facility agreement worth SAR 160 million with Alinma Bank.

8) Al Hammadi Company for Development and Investment secured a Sharia-compliant loan worth SAR 365 million from Arab National Bank (ANB).

9) Thimar Development Holding Co. announced that 99.57% of shareholders, owning 4.55 million shares, approved the financial reorganization proposal.

10) Brent crude rose by 0.97% at $112.78 per barrel. WTI crude gained 0.85% to reach $107.86/bbl.