10 things to watch on Tadawul today

Tadawul trading screen

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

1) Middle East Specialized Cables (MESC) swung to a net profit after Zakat and tax of SAR 3.5 million on H1 2021.

2) Dallah Healthcare Co. obtained a long-term loan from the Project Support Fund of the Ministry of Finance, worth SAR 357.5 million.

3) The Capital Market Authority (CMA) approved the request received from Thob Al Aseel Co. to increase its capital from SAR 300 million (30 million shares) to SAR 400 million (40 million shares).

4) Saudi Arabia's Capital Market Authority (CMA) approved the request of Arabia Insurance Cooperative Co. (AICC) to increase its capital through a SAR 265 million rights issue.

5) International Company for Power and Water Projects (ACWA Power), slated to be listed on the Saudi Exchange (Tadawul), reported a profit growth of 37% year-on-year (YoY) to SAR 446.9 million (SAR 0.70/share) in the first half of 2021.

6) Arabian Internet and Communications Services Co. (solutions by stc) set the initial public offering (IPO) price range between SAR 136 and SAR 151 per share.

7) Al Jouf Cement Co. extended the cement supply agreement contract with Soliman bin Saleh Almohileb and his Sons Holding Co. with a value of SAR 40 million.

8) Unitholders of Jadwa REIT Saudi Fund approved increasing the fund’s total asset value by SAR 370 million during the meeting held on Sept. 2.

9) Saudi Investment Bank (SAIB) announced that by the end of the rump offering period, the coverage percentage reached 648%.

10) Brent crude on Monday declined 80 cents to reach $71.81 per barrel. WTI crude also decreased 72 cents to reach $68.5/bbl.