9 things to watch on Tadawul today

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

1) stc reported a net profit after Zakat and tax of SAR 11.31 billion for 2021, a rise of 2.9% year-on-year (YoY).

2) stc board of directors recommended a 10% cash dividend for the fourth quarter of 2021, at SAR 1 per share, amounting to SAR 2 billion.

3) Saudi British Bank’s (SABB) board of directors declared a 3.6% cash dividend for H2 2021, at SAR 0.36 per share after Zakah, totaling SAR 740 million.

4) Arabian Shield Cooperative Insurance Co. reported a decline in profit after Zakat and income tax to SAR 26.2 million in 2021.

5) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 1.072 billion for 2021, an increase of 37% YoY.

6) Thob Al Aseel Co.’s board of directors recommended paying a cash dividend at 7.5% of capital, or SAR 0.75 a share, totaling SAR 30 million for H2 2021.

7) Saudi Automotive Services Company (SASCO) signed Shariah-compliant facilities agreement worth SAR 504 million with Riyad Bank.

8) Arabian Pipes Co. said that following the capital cut approval, its accumulated losses as of Sept. 30, 2021, reached around SAR 39.9 million (39.9% of capital).

9) Brent crude on Wednesday gained 34 cents to reach $97.18 per barrel. WTI crude also increased 28 cents to reach $92.19/bbl.