9 things to watch on Tadawul today

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

1) Almarai Co. reported a net profit after Zakat and tax of SAR 1.563 billion for 2021, a 21% decline year-on-year (YoY).

2) The board of directors of Saudi Arabian Mining Co. (Maaden) appointed Robert Wilt (Bob) as the Chief Executive Officer (CEO), effective Feb. 1, 2022.

3) Arabian Centres Co.’s (ACC) board of directors approved the resignation of CEO Faisal Abdullah Al Jedaie, effective as of Jan. 31, 2022.

4) Al-Dawaa Medical Services Co. (DMSCO) announced the prospectus for the initial public offering (IPO) of 25.5 million shares, or 30% of its capital, on the Saudi Exchange (Tadawul).

5) Al Moammar Information Systems Co.’s (MIS) board of directors approved awarding and signing two contracts valued at SAR 84.5 million - including value-added tax (VAT) - with Edarat Communications and Information Technology Co. (related party).

6) Musharaka REIT Fund will pay cash dividend at 3%, or SAR 0.30 a unit, totaling SAR 26.4 million, for the period from July 1 – Dec. 31, 2021.

7) Saudi Real Estate Co. (Al Akaria) obtained Shariah-compliant banking facilities (bridge financing) worth SAR 400 million from Bank AlJazira to finance part of the purchase value of the raw land in east Riyadh.

8) The Emirate of the Eastern Province signed a contract with Saudi Public Transport Co. (SAPTCO) to launch a public bus transport project in Dammam and Qatif.

9) Brent crude on Monday gained 75 cents to reach $88.64 per barrel. WTI crude also increased 69 cents to reach $85.83/bbl.