Tadawul tarding screen
Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Saudi Kayan Petrochemical Co. (Saudi Kayan) reported a net profit after Zakat and tax of SAR 1.273 billion in the first half of 2021.
2) Yanbu Cement Co.'s board of directors recommended a 12.5% cash dividend for H1 2021, at SAR 1.25 a share, totaling SAR 196.88 million.
3) Bank Albilad announced its intention to redeem the outstanding SAR-denominated regulatory Tier 2 capital sukuk, due 2026, in full at face value on Aug. 30.
4) Sadr Logistics Co. signed a services contract for supplying automatic storage systems with Advanced Storage Co. for a total value of SAR 6.64 million, including value-added tax (VAT).
5) Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) launched subscription to new shares and rights trading to raise its capital from SAR 343 million to SAR 650 million.
6) The retail tranche of Tanmiah Food Co.’s initial public offering (IPO) will commence today, July 27.
7) Saudi Airlines Catering Co.’s (SACC) accumulated losses decreased to SAR 236.41 million, accounting for 28.8% of its capital.
8) Brent crude on Tuesday gained 39 cents to reach $74.89 per barrel. WTI crude also increased 25 cents to reach $72.1/bbl.
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