7 things to watch on Tadawul today

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

1) National Agricultural Development Co. (NADEC) said a deed was issued in its favor to own a 193.08 million sqm land plot in Hail, by the Ministry of Environment, Water and Agriculture (MEWA).

2) Al Moammar Information Systems Co. (MIS) signed a contract worth SAR 79.8 million, including value-added tax (VAT), to maintain medical devices and equipment at Al-Noor Specialist Hospital in Makkah. 

3) National Gypsum Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 10% of capital, or SAR 1 a share, for 2021.

4) Emaar The Economic City (Emaar EC) signed a lease contract worth SAR 32.36 million with Saudi Airlines Real Estate Development Co. (SARED).

5) Jabal Omar Development Co.’s accumulated losses decreased to 13% of capital, as on Dec. 31, 2021, to reach SAR 1.179 billion.

6) SEDCO Capital announced the signing of an agreement to acquire Ajdan Entertainment Complex in Al-Khobar for a total value of SAR 164.75 million, excluding the real estate transactions tax and acquisition fees.

7) Brent crude gained 0.54% to reach $120.08 per barrel. WTI crude added 0.84% to reach $116.04/bbl.