‎10 things to watch on Tadawul today

‎10 things to watch on Tadawul today

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

1) Jarir Marketing Co. posted a 6% year-on-year (YoY) fall in Q1 2022 net profit after Zakat and tax to SAR 251.3 million.

2) Makkah Construction and Development Co. turned to a net profit after Zakat and tax of SAR 9 million for the fiscal year ended Rajab 30, 1443 (March 3, 2022).

3) Alinma Bank shareholders approved the board of directors’ recommendation on the payout of a 4% cash dividend, or SAR 0.40 per share, for H2 2021.

4) Shareholders of Najran Cement Co. approved the board’s recommendation to pay a cash dividend at 2.5% of the stock nominal value, or SAR 0.25 a share, for H2 2021.

5) SABIC Agri-Nutrients Co.’s shareholders approved the board recommendation on the payout of a 30% cash dividend, or SAR 3 per share, for H2 2021.

6) Saudi Automotive Services Co.’s (SASCO) board recommended an additional 2.5% cash dividend for 2021, at SAR 0.25 per share.

7) Red Sea International Co.’s board recommended reducing capital by 48.44% from SAR 600 million to SAR 309.39 million to write off the accumulated losses.

8) Wataniya Insurance Co.’s shareholders approved the board recommendation to increase capital to