Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Sahara International Petrochemical Co. (Sipchem) reported a net profit after Zakat and tax of SAR 411.5 million for the first quarter of 2021.
2) SABIC Agri-Nutrients Co. reported a net profit after Zakat and tax of SAR 423 million for Q1 2021, a 39% increase year-on-year (YoY).
3) National Agricultural Development Co. (NADEC) reported a net profit after Zakat and tax of SAR 6.4 million for Q1 2021, down 65% YoY.
4) Bawan Co. reported net profit after Zakat and tax of SAR 41.7 million for Q1 2021.
5) Saudi Tadawul Group appointed JP Morgan and Citigroup as financial advisors and coordinators for its planned initial public offering (IPO) by the end of the year.
6) Saudi Electricity Co.’s (SEC) shareholders approved the board of directors’ recommendation of a 7% cash dividend for 2020, at SAR 0.70 per share, amounting to SAR 2.916 billion.
7) Arabian Centres Co.’s board of directors approved the distribution a 7.5% cash dividend, or SAR 0.75 per share, for the second half of fiscal year ended March 31, 2021, totaling SAR 356.3 million.
8) Sadr Logistics Co.'s shareholders approved the board's recommendation on paying cash dividend at 5% of capital, or SAR 0.5 a share, for 2020.
9) National Gas and Industrialization Co.’s (GASCO) board of directors recommended a 5% cash dividend, at SAR 0.5 per share, for 2020, amounting to SAR 37.5 million.
10) Brent crude on Thursday gained 27 cents to reach $67.54 per barrel. WTI crude also increased 21 cents to reach $64.07/bbl.
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