10 things to watch on Tadawul today

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

1) stc signed a joint venture agreement with the Public Investment Fund (PIF) to establish a limited liability company in the field of Internet of Things (IoT).

2) Middle East Healthcare Co.’s net profit after Zakat and tax plunged 79% to SAR 17.2 million in 2021, from SAR 82 million in the previous year.

3) National Gypsum Co. reported a net profit after Zakat and tax of SAR 20.8 million for 2021, a decline of 35% compared with SAR 31.8 million a year earlier.  

4) Saudi Industrial Export Co. (SIECO) deepened its net loss after Zakat and tax to SAR 14.9 million for 2021, compared to SAR 13.2 million a year earlier.

5) Al Gassim Investment Holding Co. (GACO) reported a net profit after Zakat and tax of SAR 1.1 million in 2021, versus a net loss of SAR 5.1 million a year earlier.

6) Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) board decided to scrap its recommendation for a capital cut and will withdraw the file submitted to the Capital Market Authority (CMA).

7) National Gypsum Co.’s board of directors recommended the distribution of a 10% cash dividend for 2021, at SAR 1 per share, amounting SAR 31.67 million.

8) Arriyadh Development Co. (ARDCO) said an associate firm, Tanal Investment and Real Estate Development Co., sold parts of its land for SAR 249.9 million, with the buyer bearing tax on real estate transactions.

9) Saudi Chemical Holding Co. announced that Chemical Company for Commercial Investment Ltd. signed an exclusive partnership deal with Hellmann Worldwide Logistics to establish a logistics services joint venture company.

10) Brent crude on Friday declined 0.31% to reach $104.39 per barrel. WTI crude fell 1.01% to reach $99.27/bbl.