Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Tadawul Group Holding Co. (Tadawul Group) said the Capital Market Authority (CMA) approved the new fees structure for the services provided by the group’s subsidiaries –Saudi Exchange, Edaa and Muqassa.
2) Dur Hospitality Co. narrowed 2021 net loss after Zakat and tax to SAR 15.2 million, compared with SAR 49.5 million a year earlier.
3) Fitaihi Holding Group reported a net profit after Zakat and tax of SAR 149.6 million for 2021, a more than four-fold increase from SAR 30 million a year earlier.
4) Aseer Trading, Tourism and Manufacturing Co. reported a net loss after Zakat and tax of SAR 63.5 million in 2021, against SAR 48.5 million in losses a year earlier.
5) Dar Al Arkan Real Estate Development Co. said the contract signed with Oman Tourism Development Co. is valid for 10 years, and the financial impact is expected to start from 2027.
6) Al Moammar Information Systems Co. (MIS) was awarded a project to develop a meteorological information system and early warning of weather conditions, for a total amount of SAR 39.9 million, including VAT.
7) BinDawood Holding Co.’s fully-owned subsidiary, Future Tech Retail, signed a sale and purchase agreement with Amwaj Real Estate Co. Ltd. and First Commercial Application Co. to acquire their 62% stake in International Applications Trading Co.
8) Tabuk Cement Co.’s board of directors recommended a 2.5% cash dividend, or SAR 0.25 a share, for 2021, amounting to SAR 22.5 million.
9) Astra Industrial Group announced its plans to repurchase a maximum of four million shares and not exceed 5% of total issued shares to retain them as treasury shares for the Employee Shares Incentive Program (ESIP).
10) Brent crude fell 2.56% to reach $117.56 per barrel. WTI crude lost 2.87% to reach $110.63/bbl.
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