Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Rabigh Refining and Petrochemical Co. (Petro Rabigh) swung to a net profit after Zakat and tax of SAR 1.366 billion for the first half of 2021.
2) Saudi Ceramic Co. reported a net profit after Zakat and tax of SAR 134 million for H1 2021.
3) Saudi Ceramic Co.’s shareholders approved the board recommendation on paying cash dividend at 7.5% of capital, or SAR 0.75 per share, for the first half of 2021.
4) Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 36.6 million for H1 2021, an 87% increase year-on-year (YoY).
5) ExxonMobil said that their joint venture, Gulf Coast Growth Ventures with Saudi Basic Industries Corp. (SABIC), reached mechanical completion of a monoethylene glycol unit and two polyethylene units.
6) Brent crude on Wednesday gained 48 cents to reach $74.96 per barrel. WTI crude also increased 55 cents to reach $72.20/bbl.
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