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 Thursday.

1) BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 240.6 million for 2021, a 46% slump from SAR 447.7 million in the previous year.

2) Al-Dawaa Medical Services Co. (DMSCO) reported a net profit after Zakat and tax of SAR 239.2 million for 2021, a drop of 3% year-on-year (YoY).

3) Emaar The Economic City (Emaar EC) narrowed its loss after Zakat and tax to SAR 827 million in 2021, compared to SAR 1.248 billion a year earlier.

4) Saudi Research and Media Group (SRMG) reported a net profit after Zakat and tax of SAR 537 million for 2021, compared with SAR 245.6 million a year earlier.

5) United International Transportation Co. (Budget Saudi) reported a net profit after Zakat and tax of SAR 219.9 million for 2021, a rise of 9% YoY.

6) National Metal Manufacturing and Casting Co. (Maadaniyah) narrowed its net loss after Zakat and tax to SAR 29.1 million for 2021, from SAR 40.8 million a year earlier.

7) Al-Babtain Power and Telecommunication Co.’s board of directors recommended to pay a cash dividend at 5% of capital, or SAR 0.5 a share, for 2021.

8) BinDawood Holding Co.’s board of directors declared a 6.5% cash dividend for the second half of 2021, at SAR 0.65 per share, amounting to SAR 74.30 million.

9) The National Co. for Glass Industries (Zoujaj) board of directors recommended a 5% cash dividend for the first half of 2022, at SAR 0.5 per share.

10) Brent crude slumped 4.54% to reach $108.30 per barrel. WTI crude fell 5.38% to reach $102.02/bbl.