‎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 Wednesday.

1) Saudi Cement Co. posted a net profit after Zakat and tax of SAR 61.1 million for Q1 2022, a 48.8% drop from SAR 119.4 million in the year-ago period.

2) Bank AlJazira posted a net profit of SAR 374.9 million for Q1 2022, a rise of 17%, compared to a net profit of SAR 321.6 million in the prior-year period.

3) Riyad Bank posted a net profit of SAR 1.553 billion for Q1 2022, a rise of 15% compared with SAR 1.354 billion from the prior-year period.

4) Saudi British Bank (SABB) posted a net profit of SAR 1.004 billion in Q1 2022, up 4% compared with SAR 970 million in year-earlier period.

5) Arab National Bank (ANB) reported a 12% hike in net profit to SAR 650.7 million for Q1 2022, compared to SAR 582.2 million in the year-earlier period.

6) Saudi Company for Hardware (SACO) opened a new store in Yanbu, replacing the earlier one in the same city.

7) Anaam International Holding Group signed a binding sale and purchase agreement to acquire 55% of ARW Industry Co.

8) Amana Cooperative Insurance Co. received Saudi Central Bank’s (SAMA) approval