Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Elm Co. reported a net profit after Zakat and tax of SAR 567 million for 2021, a rise of 85% year-on-year (YoY).
2) Nama Chemicals Co. turned to a net profit after Zakat and tax of SAR 27.3 million in 2021, against a loss of SAR 45.2 million a year earlier.
3) Alandalus Property Co. posted a net profit after Zakat and tax of SAR 68 million in 2021, a surge of over four times from SAR 14.3 million a year earlier.
4) Maharah Human Resources Co.’s net profit after Zakat and tax fell 18% YoY to SAR 144.9 million in 2021.
5) Eastern Province Cement Co. reported a net profit after Zakat and tax of SAR 201 million for 2021, a YoY drop of 7%.
6) Arabian Centres Co. (ACC) broke ground on the infrastructure development of Jouri project on its freehold plot in Buraydah, Al Qassim.
7) Maharah Human Resources Co.’s subsidiary, Growth Avenue Co., signed a non-binding MoU with El Seif Commercial Investment Co. Ltd. and Saudi Medicare Co. Ltd. to acquire their full equity of 41.37% in Care Shield Holding Co.
8) Alandalus Property Co.’s board of directors declared a 2.5% cash dividend for the second half of 2021.
9) Eastern Province Cement Co.'s board of directors declared an 11% cash dividend for the second half of 2021.
10) Brent crude gained 2.86% to reach $109.45 per barrel. WTI crude also increased 2.97% to reach $106.08/bbl.
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