‎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 Monday.

1) Saudi Cement Co. posted a net profit after Zakat and tax of SAR 331.9 million for 2021, down 27% year-on-year (YoY).

2) Sahara International Petrochemical Co. (Sipchem) reported a net profit after Zakat and tax of SAR 3.591 billion for 2021.

3) Kingdom Holding Co. (KHC) swung to a net profit after Zakat and tax of SAR 1.017 billion for 2021.

4) Saudi Arabian Mining Co. (Maaden) turned to a net profit after Zakat and tax of SAR 5.227 billion in 2021.

5) Maaden’s board of directors recommended a 100% capital increase via a one-for-one bonus issue.

6) Walaa Cooperative Insurance Co. signed a binding merger agreement with SABB Takaful, reflecting the agreement of both companies to merge through a share swap transaction.

7) The Saudi Exchange (Tadawul) announced that the subscription period and tradable rights trading for Al-Baha Investment and Development Co. will start today, Feb. 28.

8) Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) board of directors revised its recommendation to decrease the company’s capital by 8.01% from 13.76%.

9) Tourism Enterprise Co. (Shams) signed a non-binding memorandum of understanding (MoU) with Shuaa Capital Saudi Arabia for potential 100% acquisition