8 things to watch on Tadawul today

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

Bank Albilad reported a net profit of SAR 1.348 billion for 2020, up 8%, compared to SAR 1.243 billion in the previous year.

United International Transportation Co. (Budget Saudi) reported a net profit after Zakat and tax of SAR 187.9 million for 2020, up 5%, compared to SAR 178.6 million in the previous year.

Sahara International Petrochemical Co. (Sipchem) completed the scheduled periodic turnaround maintenance for the polymers plant of International Polymers Co. (IPC), with startup activities commencing from Feb. 7, 2021.

Etihad Atheeb Telecommunication Co. (GO) said that an agreement signed with one of the main suppliers to settle all balances and debts resulted in a positive initial financial impact of recording revenue of SAR 101.3 million.

Bank Albilad appointed Nasser Mohammed AlSubeaei as chairman of the board of directors and Fahad Abdullah Bindekhayel as vice chairman.

Budget Saudi’s board of directors recommended paying cash dividend at 12.50% of capital, or SAR 1.25 a share, for H2 2020.

Umm Al-Qura Cement Co. opened the nomination process for board of directors’ membership for the upcoming three-year term, starting July 4, 2021.

Brent crude on Monday gained 45 cents to reach $59.79 per barrel. WTI crude also increased 48 cents to reach $57.33/bbl.