10 things to watch on Tadawul today
- Date: 16-Mar-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
10 things to watch on Tadawul today
Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) SABB Takaful Co. narrowed losses to SAR 5.8 million in 2021, compared to a net loss of SAR 31.3 million in the previous year.
2) Al Alamiya for Cooperative Insurance Co. widened its net loss to SAR 35.4 million in 2021, versus a net loss of SAR 6.2 million in the previous year.
3) Sadr Logistics Co.’s net profit after Zakat and tax increased by 40% to SAR 3.6 million in 2021, compared to SAR 2.6 million in 2020.
4) United Wires Factory Co. (Aslak) agreed with Thamar Nutrition and Subsistence Co. to extend the non-binding MoU to potentially acquire a stake in the latter, for a renewable period of 45 days.
5) Saudi Cement Co.'s shareholders will discuss the board's recommendation to distribute cash dividend at 20% of capital for H2 2021, at the ordinary general assembly meeting on April 10.
6) Tihama Advertising and Public Relations Co. received a letter from the lawyer, indicating that Nasser Al-Sarami filed a cassation appeal against the court’s ruling, issued in favor of the company.
7) Wataniya Insurance Co.’s shareholders will discuss increasing capital via a rights issue worth SAR 200 million,