8 things to watch on Tadawul today

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

1) Bank Albilad started issuance of domestic SAR-denominated Tier 2 sukuk, by way of private placement in Saudi Arabia, from April 1, until April 15, 2021.

2) Saudi British Bank’s (SABB) shareholders approved the bank’s purchase of its own shares, a maximum of 4 million shares, at an amount not exceeding SAR 115 million.

3) Salama Cooperative Insurance Co. reported a net profit before Zakat of SAR 9.7 million for 2020.

4) The Saudi Stock Exchange (Tadawul) will delist Samba Financial Group from Tadawul All-Share Index (TASI) and the Banks Industry Group index, effective today, April 4, 2021.

5) Abdullah A. M. Al-Khodari Sons Co. announced that it is unable to post its financial statements for 2020 on time.

6) SEDCO Capital will pay cash dividend at 1.53%, or SAR 0.153 per unit, to SEDCO Capital REIT Fund unitholders for the period starting Jan. 1, 2021, to March 31, 2021.

7) Alinma Tokio Marine Co. renewed insurance agreements with Abdul Latif Jameel Group for several general insurance products.

8) Brent crude on Friday gained $2.12 to reach $64.86 per barrel. WTI crude also increased $2.29 to reach $61.45/bbl.