Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) National Petrochemical Co. (Petrochem) reported a surge in its 2021 net profit after Zakat and tax to SAR 1.367 billion.
2) Saudi Automotive Services Co. (SASCO) announced the acquisition of an 80% stake in NAFT Services Co. for SAR 1.1 billion.
3) Advanced Petrochemical Co.’s board of directors recommended repurchasing a maximum of 1.5 million shares to retain them as treasury shares for the Employee Shares Incentive Program (ESIP).
4) Arabian Pipes Co. secured a contract worth SAR 268 million to supply steel pipes to Saudi Aramco.
5) Advanced Petrochemical Co.’s board of directors recommended a 20.1% capital increase to SAR 2.60 billion from SAR 2.16 billion through distributing one bonus share for every five shares held.
6) The Riyadh PP11 power plant of Dhuruma Electricity Co. (DEC), which is 50%-owned by Saudi Electricity Co. (SEC), obtained a debt refinancing of $1.2 billion, at the end of September 2021.
7) Brent crude on Thursday fell 57 cents to reach $89.39 per barrel. WTI crude also decreased 58 cents to reach $86.77/bbl.
Comments
{{DisplayName}}
{{ElapsedTime}}