10 things to watch on Tadawul today

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

1) Saudi National Bank posted a net profit of SAR 3.408 billion for the first quarter of 2021, an increase of 20% year-on-year (YoY).

2) Qassim Cement Co. reported net profit after Zakat and tax of SAR 100.9 million for Q1 2021, a decline of 9% YoY.

3) Saudi Advanced Industries Co. (SAIC) reported a net profit after Zakat and tax of SAR 17.1 million for Q1 2021.

4) The National Company for Glass Industries (Zoujaj) reported net profit after Zakat and tax of SAR 8.9 million for Q1 2021.

5) Sahara International Petrochemical Co. (Sipchem) completed the buyback of one million shares for SAR 20.48 million, or SAR 20.48 per share, during January 1 – March 31, 2021.

6) Herfy Food Services Co.’s shareholders approved the board recommendation on paying cash dividend at 10% of capital, or SAR 1 per share, totaling SAR 64.68 million for 2020.

7) Al Moammar Information Systems (MIS) and Abunayyan Holding Group signed a joint memorandum of understanding (MoU) with Etihad Etisalat Co. (Mobily) to cooperate on establishing a green data center in Saudi Arabia that will use clean and sustainable energy sources.

8) Raydan Food Co. signed a franchise agreement, registered under the "Raydan" trademark, with its franchise agent, Okol Food To Provide Meals Est.

9) Fawaz Abdulaziz Alhokair Co. signed a franchise agreement with Fnac Darty to expand its retail portfolio into consumer electronics and multimedia categories.

10) Brent crude on Tuesday gained 32 cents to reach $65.97 per barrel. WTI crude also increased 32 cents to reach $62.23/bbl.