Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Southern Province Cement Co. (SPCC) reported a 26% drop in 2021 net profit after Zakat and tax to SAR 450 million.
2) National Industrialization Co. (Tasnee) turned to a net profit after Zakat and tax to SAR 1.356 billion in 2021.
3) Arab Sea Information Systems Co. reported a net profit after Zakat and tax of SAR 21.6 million for 2021.
4) Rabigh Refining and Petrochemical Co. (Petro Rabigh) swung to a net profit after Zakat and tax of SAR 2.037 billion in 2021.
5) Saudi Co. for Hardware (SACO) reported a net loss after Zakat and tax of SAR 28.5 million for 2021.
6) Jarir Marketing Co.’s board of directors declared a 19.5% cash dividend for the fourth quarter of 2021, at SAR 1.95 per share, amounting to SAR 234 million.
7) Advanced Petrochemical Co. announced that its subsidiary, Advanced Polyolefins Industry Co. (APOC), signed a loan agreement worth SAR 3 billion with the Saudi Industrial Development Fund (SIDF).
8) Saudi Company for Hardware’s (SACO) board of directors recommended withholding dividend for H2 2021.
9) Brent crude on Thursday gained $1.66to reach $112.80 per barrel. WTI crude also increased 52 cents to reach $109.22/bbl.
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