10 things to watch on Tadawul today

Tadawul trading screen

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

1) Saudi Cement Co. posted a net profit after Zakat and tax of SAR 61.1 million for Q1 2022, a 48.8% drop from SAR 119.4 million in the year-ago period.

2) Bank AlJazira posted a net profit of SAR 374.9 million for Q1 2022, a rise of 17%, compared to a net profit of SAR 321.6 million in the prior-year period.

3) Riyad Bank posted a net profit of SAR 1.553 billion for Q1 2022, a rise of 15% compared with SAR 1.354 billion from the prior-year period.

4) Saudi British Bank (SABB) posted a net profit of SAR 1.004 billion in Q1 2022, up 4% compared with SAR 970 million in year-earlier period.

5) Arab National Bank (ANB) reported a 12% hike in net profit to SAR 650.7 million for Q1 2022, compared to SAR 582.2 million in the year-earlier period.

6) Saudi Company for Hardware (SACO) opened a new store in Yanbu, replacing the earlier one in the same city.

7) Anaam International Holding Group signed a binding sale and purchase agreement to acquire 55% of ARW Industry Co.

8) Amana Cooperative Insurance Co. received Saudi Central Bank’s (SAMA) approval to increase the company’s capital from SAR 130 million to SAR 430 million.

9) United International Transportation Co.’s (Budget Saudi) shareholders will vote on the distribution of 13% cash dividend for the second half of 2021 during an extraordinary general assembly meeting scheduled for May 17.

10) Brent crude rose 0.35% to reach $105.36 per barrel. WTI crude gained 0.15% to reach $101.85/bbl.