Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Basic Industries Corp. (SABIC) reported a net profit after Zakat and tax of SAR 23 billion for 2021, a rise of 32.8% year-on-year (YoY).
2) Bank AlJazira reported a surge in 2021 net profit to SAR 1.006 billion.
3) Bank Albilad reported a net profit after Zakat and tax of SAR 1.686 billion for 2021, a rise of 25% YoY.
4) Retail investors started subscription to about 7.2 million shares of Elm Co. at SAR 128 each, as set by the book-building process.
5) Dar Al Arkan Real Estate Development Co. opened an office in China's capital, Beijing, as part of its strategic expansion policy.
6) Aseer Trading, Tourism and Manufacturing Co. said a preliminary ruling was issued in its favor by Riyadh General Court.
7) Brent crude on Friday gained $2.16 to reach $93.27 per barrel. WTI crude also increased $2.04 to reach $92.31/bbl.
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