10 things to watch on Tadawul today

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

1) Banque Saudi Fransi (BSF) reported a net profit of SAR 780 million for Q1 2020, a 14% rise year-on-year (YoY).

2) Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a net profit of SAR 6.3 million, compared to a net loss of SAR 1.5 million in the year-earlier period.

3) Saudi Electricity Co. (SEC) reported a net profit after Zakat and tax of SAR 1.689 billion for Q1 2021, against a net loss of SAR 2.441 billion in the year-ago period.

4) Arriyadh Development Co. (ARDCO) posted a net profit after Zakat and tax of SAR 111 million in Q1 2021, a rise of over twofold from SAR 35.1 million in Q1 2020.

5) Aseer Trading, Tourism and Manufacturing Co. reported a net loss after Zakat and tax of SAR 1.4 million for Q1 2021, against a net profit of SAR 200,000 in Q1 2020.

6) Saudi Airlines Catering Co. (SACC) reported a net loss after Zakat and tax of SAR 30 million for Q1 2021, against a net profit of SAR 15.6 million in the year-ago period.

7) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) reported a net profit of SAR 6.8 million for Q1 2021, up 61% YoY.

8) Saudi Cable Co. purchased SAR 200 million worth of new cars on credit from Al-Nawasi General Trading & Contracting Co. to resell them and finance working capital.

9) Saudi Steel Pipe Co. (SSP) filed a petition with the Ministry of Justice requesting the reinstatement of the electronic title deeds.

10) Brent crude was trading up 0.12 cents at $69.08 per barrel. WTI crude also rose 0.05 cents to $65.68/bbl.