Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Saudi Tadawul Group Holding (Tadawul Group) intends to roll out new enhancements through its subsidiaries to develop the post-trade services infrastructure.
2) Tabuk Cement Co. reported a net profit after Zakat and tax of SAR 17.8 million for 2021, a decline of 66% from SAR 51.6 million a year earlier.
3) Dallah Healthcare Co. reported a net profit after Zakat and tax after minorities of SAR 258.3 million for 2021, an 88% increase year-on-year (YoY).
4) Filling and Packing Materials Manufacturing Co. (FIPCO) deepened its net loss after Zakat and tax to SAR 9.1 million in 2021, from SAR 3 million a year earlier.
5) Gulf General Cooperative Insurance Co. reported a net loss of SAR 86.9 million for 2021, versus net earnings of SAR 3.8 million a year earlier.
6) Saudi Fisheries Co. narrowed its net loss after Zakat and tax to SAR 34.2 million in 2021, compared to SAR 40.7 million a year earlier.
7) Maharah Human Resources Co.'s wholly owned subsidiary, Growth Avenue Co. (GAC), signed a non-binding MoU with shareholders of Saudi Medical Systems Co. (SMS) to acquire 40% of their shares in SMS.
8) Brent crude gained 1.76% to reach $117.51 per barrel. WTI crude also increased 1.87% to reach $111.31/bbl.
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