Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) National Agricultural Development Co. (NADEC) turned to a net loss after Zakat and tax of SAR 285 million in 2021, against a net profit after Zakat and tax of SAR 35.7 million a year earlier.
2) Al Hammadi Company for Development and Investment reported a net profit after Zakat and tax of SAR 90.1 million for 2021, a decline of 31% from SAR 130.8 million a year earlier.
3) Saudi Ground Services Co.’s net loss after Zakat and tax narrowed to SAR 254.4 million in 2021, compared to SAR 454.3 million in 2020.
4) AlJazira Takaful Taawuni Co. reported a net income of SAR 21.4 million for 2021, falling 45% compared with SAR 38.8 million a year before.
5) Batic Investments and Logistics Co. posted a net loss after Zakat and tax of SAR 9.7 million for 2021, compared with a loss of SAR 11.61 million a year earlier.
6) Elm Co. obtained an extension and an increase in the contract to operate services centers with a government agency, with a value of SAR 569.96 million (VAT included).
7) Al Hammadi Company for Development and Investment’s board of directors recommended a 33% capital increase to SAR 1.6 billion from SAR 1.2 billion, through issuing one bonus share for every three shares held. The board also recommended distributing a 4% cash dividend for Q1 2022, at SAR 0.4 per share.
8) Rabigh Refining and Petrochemical Co. (Petro Rabigh) signed an agreement with Gulf Cryo to capture CO2 emissions from the mono ethylene glycol (MEG) plant at Petro Rabigh industrial complex.
9) Yanbu National Petrochemical Co.’s (Yansab) shareholders approved paying H2 2021 cash dividend at 15%, or SAR 1.5 per share.
10) Brent crude on Friday gained 1.36% to settle at $120.65 per barrel. WTI crude also increased 1.39% to reach $113.90/bbl.
Comments
{{DisplayName}}
{{ElapsedTime}}