‎8 things to watch on Tadawul today

‎8 things to watch on Tadawul today

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

1) Qassim Cement Co. reported a net profit of SAR 295.3 million for 2021, a decline of 30% year-on-year (YoY).

2) Tihama Advertising and Public Relations Co. trimmed net losses after Zakat and tax to SAR 29.2 million in the nine-month period ended Dec. 31, 2021.

3) Methanol Chemicals Co.’s (Chemanol) board of directors decided to withdraw its capital hike file due to the noticeable improvement in the company’s financial position.

4) Mulkia Gulf Real Estate REIT Fund completed the ownership transfer of 63.61% of Al-Jadah mixed-use development under the first phase of the acquisition.

5) Riyad Bank started to offer dollar-denominated Tier 1 capital sukuk through a special purpose vehicle to eligible investors in Saudi Arabia and internationally.

6) SNB Capital will distribute a cash dividend to AlAhli REIT Fund (1) unit holders for the second half of 2021, at SAR 0.35 per unit, or 3.5% of initial price per unit.

7) Arab Sea Information Systems Co. completed the issuance of the memorandum of association and commercial register to set up a subsidiary company named Era Data Information Technology.

8) Brent crude on Thursday fell 13 cents to reach $91.42 per