10 things to watch on Tadawul today

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

1) Crown Prince Mohammed bin Salman said 4% of Saudi Aramco’s shares were transferred to the Public Investment Fund (PIF).

2) Al Rajhi Bank reported a net profit of SAR 14.746 billion for 2021, a rise of 39% year-on-year (YoY).

3) AXA Cooperative Insurance Co. reported a marginal profit rise to SAR 138.52 million in 2021.

4) Riyad Capital announced the distribution of cash dividend to Riyad REIT Fund unitholders for the second half of 2021, at 4.94% of initial price per unit.

5) Savola Group completed the second phase of its share buyback, with the repurchase of 637,955 shares.

6) Leejam Sports Co.’s (Fitness Time) board of directors recommended paying a cash dividend at 8.7%, or SAR 0.87 a share, totaling SAR 45.57 million for Q4 2021.

7) BinDawood Holding Co. announced that its fully-owned subsidiary, Future Tech Retail, signed a non-binding memorandum of understanding (MoU) with Amwaj Real Estate Co. Ltd. and First Commercial Application Co. to acquire 62% of the shares in International Applications Trading Co. (IATC).

8) Saudi Arabian Amiantit Co.’s board of directors decided to split the capital reduction request from the capital increase via a rights issue.

9) ACWA Power announced the dry financial close of a $470 million dollar-denominated senior loan facility for its subsidiary Rabigh Arabian Water & Electricity Co. (RAWEC)

10) Brent crude on Monday gained $1.38 to reach $95.82 per barrel. WTI crude also increased $1.54 to reach $94.64/bbl.