Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) SABIC Agri-Nutrients Co. reported a net profit after Zakat and tax of SAR 5.228 billion for 2021.
2) Saudi Kayan Petrochemical Co. swings to a net profit after Zakat and tax of SAR 2.392 billion in 2021.
3) Saudi Industrial Investment Group (SIIG) reported a net profit after Zakat and tax of SAR 1.136 billion for 2021.
4) Herfy Food Services Co. posted an estimated net profit after Zakat and tax of SAR 161.7 million for 2021.
5) Arabian Shield Cooperative Insurance Co. signed an insurance coverage agreement with Saudi National Bank (SNB), at an initial value of the annual gross written premium (GWP) of SAR 215.2 million.
6) Etihad Atheeb Telecommunication Co. (GO) said accumulated losses dropped to SAR 10.92 million, or 12.13% of capital as on Jan. 23, 2022.
7) Saudi National Bank's (SNB) board of directors recommended a 9% cash dividend, at SAR 0.90 per share, for H2 2021.
8) Saudi Paper Manufacturing Co. received a letter from its lawyer stating that the factory of one of its subsidiaries in Morocco, Saudi Investment and Industrial Development Co., was recovered and its possession (full ownership) was returned to SPM after a legal dispute extending from 2019.
9) Brent crude on Friday gained 69 cents to reach $90.03 per barrel. WTI crude also increased 21 cents to reach $86.82/bbl.
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