Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Jarir Marketing Co. reported an estimated net profit after Zakat and tax of SAR 456.9 million for the first half of 2021.
2) Herfy Food Services Co. swung to an estimated net profit after Zakat and tax of SAR 52.1 million for H1 2021.
3) Shareholders of Saudia Dairy and Foodstuff Co. (SADAFCO) approved a 30% cash dividend for the second half of fiscal year ended March 31, 2021, at SAR 3 share, amounting to SAR 96 million.
4) Arabian Centres Co. announced the commencement of issuance of the dollar-denominated Shariah-compliant sukuk.
5) Emaar The Economic City (Emaar EC) rescheduled a Murabaha financing agreement with Banque Saudi Fransi (BSF) revising the terms of the facility.
6) Abdullah Al Othaim Markets Co.’s consortium signed a contract to acquire the Fourth Milling Co. (MC4) with the National Center for Privatization & PPP (NCP).
7) NCB Capital distributes cash dividend to AlAhli REIT Fund (1) unit holders for the first six months of 2021, at SAR 0.35 per unit, or 3.5% of initial price per unit.
8) Mulkia Gulf Real Estate REIT Fund will pay a 1.3% cash dividend for the second quarter of 2021, at SAR 0.13 per unit, amounting to SAR 8.85 million.
9) Saudi Fransi Capital distributes cash dividend to Taleem REIT Fund unit holders for the period from Jan. 1 to June 30, 2021, at SAR 0.24 per unit, or 2.4% of the initial price per unit.
10) Brent crude on Wednesday declined 20 cents to reach $76.29 per barrel. WTI crude also decreased 28 cents to reach $74.97/bbl.
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