Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Abdullah Saad Mohammed Abo Moati for Bookstores Co. signed a Shariah-compliant credit facility agreement worth SAR 35 million with Bank Albilad.
2) Sadara Chemical Co., the parent company of Sadara Basic Services Co., turned to a net profit after Zakat and tax to SAR 3.105 billion (SAR 0.81/share) in 2021, from a net loss of SAR 3.220 billion in the previous year.
3) Saudi Real Estate Co.'s (Al Akaria) shareholders approved the formation of the audit committee for the new term starting March 17, 2022, until Jan. 30, 2025.
4) Gulf General Cooperative Insurance Co.'s shareholders will vote on electing members of the board for the upcoming three-year term, starting April 11, 2022, during the ordinary general assembly meeting that will be held on April 11.
5) Brent crude lost 4.04% to reach $102.58 per barrel. WTI crude declined 4.02% to reach $98.95/bbl.
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