8 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Thursday.

1) Yanbu National Petrochemical Co. (Yansab) reported net profit after Zakat and tax of SAR 677.6 million for fiscal year 2020, down 38% year-on-year (YoY).

2) Riyad Bank commenced the offer of SAR-denominated Tier 2 capital-eligible sukuk, through private placement in Saudi Arabia, started Jan. 20.

3) National Commercial Bank (NCB) announced the start of issuance of NCB Tier 1 Sukuk Ltd., an exempted company with limited liability in the Cayman Islands, from Jan. 20, until Jan. 26.

4) Ataa Educational Co. will start paying cash dividend for the fiscal year ended on July 31, 2020, as of Jan. 26, 2021.

5) Alkhorayef Water and Power Technologies Co. issued a prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).

6) Bank Albilad announced that chairman Abdulrahman Bin Ibrahim Alhumeid passed away.

7) Al Yamamah Steel Industries Co.’s shareholders are set to vote, on Feb. 15, on the board’s recommendation to distribute a 10% cash dividend, or SAR 1 per share, for the fiscal year (FY) ended Sept. 30, 2020.

8) Brent crude on Thursday declined 24 cents to reach $55.84 per barrel while WTI crude increased 26 cents to reach $53.24/bbl.