Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Northern Region Cement Co. reported a net profit after Zakat and tax of SAR 106.7 million for 2021, a decline of 1.4% from SAR 108.2 million in the year-earlier period.
2) Saudi Real Estate Co. (Al Akaria) reported a net profit after Zakat and tax of SAR 54.9 million in 2021, versus a net loss of SAR 140.7 million a year earlier.
3) Nahdi Medical Co. reported a net profit after Zakat and tax of SAR 812.5 million in 2021, a decline of 4% from SAR 849.1 million a year earlier.
4) Seera Group Holding reported a net loss after minorities of SAR 376 million in 2021, from a profit of SAR 18.2 million a year earlier.
5) Mouwasat Medical Services Co.’s board approved amendments to the Mouwasat Hospital project in Yanbu Industrial City, raising the estimated cost of the project to SAR 465 million from SAR 325 million.
6) Northern Region Cement Co.’s board of directors declared a 2.5% cash dividend, at SAR 0.25 per share, for the second half of 2021, amounting to SAR 45 million.
7) Al Moammar Information Systems Co. (MIS) announced receiving a notice of approval to award three projects worth SAR 126.8 million, including VAT.
8) Arabian Pipes Co. (APC) announced using part of its statutory reserve to fully offset its SAR 39.9 million accumulated losses, which represented 39.9% of capital.
9) Saudi Public Transport Co.'s (SAPTCO) board of directors recommended withholding dividends for 2021.
10) Brent crude fell 1.18% to reach $111.15 per barrel. WTI crude lost 1.01% to reach $104.89/bbl.
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