9 things to watch on Tadawul today

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

1) Al Yamamah Steel Industries Co. posted a net profit after Zakat and tax of SAR 209.8 million for the fiscal year ended Sept. 30, 2021.

2) Tourism Enterprise Co. (Shams) announced a decrease in accumulated losses to SAR 569,814, equivalent to 1% of the company's capital.

3) Saudi Fransi Capital announced the distribution of a 3.2% cash dividend to Bonyan REIT Fund unit holders for the period from May 1, 2021, to Oct. 31, 2021, at SAR 0.32 per unit.

4) Al Yamamah Steel Industries Co.’s board of directors declared a 10% cash dividend, at SAR 1 per share, for the second half of fiscal year ending Sept. 30, 2021, amounting to SAR 50.8 million.

5) Yanbu Cement Co. announced the completion of the Line 4 modernization project following the shutdown.

6) Watani Iron and Steel Co. announced the renewal and amendment of a Shariah-compliant bank facility agreement worth SAR 60 million with Bank Albilad.

7) Dr. Sulaiman Al Habib Medical Services Group’s board approved to award and sign the contract of enabling and structural works by its subsidiary Sehat Al-Kharj for Healthcare Co. for Sehat Al-Kharj hospital project.

8) Sumou Real Estate Co. announced the signing of development and marketing agreement for the public utility project in Makkah, spanning across 1.32 million square meters, with Al Mahafel Trading and Contracting Co. Ltd. (a  related party).

9) Brent crude on Tuesday fell 37 cents to reach $74.02 per barrel while WTI crude decreased 39 cents to reach $70.90/bbl.