9 things to watch on Tadawul today

Tadawul trading screen

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

1) Bank Albilad reported a net profit of SAR 1.258 billion for the first nine months of 2021, an increase of 30% year-on-year (YoY).

2) Sahara International Petrochemical Co. (Sipchem) turned to a net profit of SAR 2.270 billion for 9M 2021, against a net loss of SAR 141.8 million a year earlier.

3) Makkah Construction and Development Co. trimmed net loss after Zakat and tax to SAR 3 million for 9M 2021 from SAR 14.1 million in the prior-year period.

4) Advanced Petrochemical Co.’s (Advanced) board of directors recommended a 6.5% cash dividend for Q3 2021, at SAR 0.65 per share, totaling SAR 140.7 million.

5) The Saudi Investment Bank (SAIB) plans to redeem its SAR 500 million subordinated Tier 1 sukuk on the first call date, Nov. 21, 2021, at face value.

6) Alkhaleej Training and Education Co. entered into a non-binding MoU with the owners of Al-Faisaliah Private Schools Co. Ltd. in Jeddah to acquire 60% of the latter.

7) Gulf Union Alahlia Cooperative Insurance Co.’s board recommended increasing the company’s capital, through rights issue of SAR 229.5 million.

8) National Agricultural Marketing Co. (Thimar) signed a framework agreement with Alkhair Capital for advisory services.

9) Brent crude lost 0.06 cents to reach $85.76 per barrel (bbl). WTI crude gained 0.91 cents to reach $83.87/bbl.