Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Bank Albilad reported a net profit of SAR 1.258 billion for the first nine months of 2021, an increase of 30% year-on-year (YoY).
2) Sahara International Petrochemical Co. (Sipchem) turned to a net profit of SAR 2.270 billion for 9M 2021, against a net loss of SAR 141.8 million a year earlier.
3) Makkah Construction and Development Co. trimmed net loss after Zakat and tax to SAR 3 million for 9M 2021 from SAR 14.1 million in the prior-year period.
4) Advanced Petrochemical Co.’s (Advanced) board of directors recommended a 6.5% cash dividend for Q3 2021, at SAR 0.65 per share, totaling SAR 140.7 million.
5) The Saudi Investment Bank (SAIB) plans to redeem its SAR 500 million subordinated Tier 1 sukuk on the first call date, Nov. 21, 2021, at face value.
6) Alkhaleej Training and Education Co. entered into a non-binding MoU with the owners of Al-Faisaliah Private Schools Co. Ltd. in Jeddah to acquire 60% of the latter.
7) Gulf Union Alahlia Cooperative Insurance Co.’s board recommended increasing the company’s capital, through rights issue of SAR 229.5 million.
8) National Agricultural Marketing Co. (Thimar) signed a framework agreement with Alkhair Capital for advisory services.
9) Brent crude lost 0.06 cents to reach $85.76 per barrel (bbl). WTI crude gained 0.91 cents to reach $83.87/bbl.
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