9 things to watch on Tadawul today

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

1) Yamama Cement Co. reported a net profit after Zakat and tax of SAR 160.6 million for 2021, a drop of 60% year-on-year (YoY).

2) Arabian Internet and Communications Services Co. (solutions) reported a net profit after Zakat and tax of SAR 833 million for 2021, a rise of 19% YoY.

3) solutions board of directors recommended a 40% cash dividend for 2021, at SAR 4 per share, amounting to SAR 475.20 million.

4) Abdullah Al Othaim Markets Co.'s board of directors recommended a 20% cash dividend, at SAR 2 per share, for H2 2021.

5) The Capital Market Authority (CMA) approved the request from Advanced Petrochemical Co. (Advanced) to increase its capital from SAR 2.16 billion to SAR 2.60 billion.

6) Tourism Enterprise Co.'s (Shams) board of directors approved amending its recommendation to increase capital by offering rights issue from SAR 315.40 million to SAR 525.24 million.

7) Al Yamamah Steel Industries Co.'s shareholders mandated the board of directors to distribute interim cash dividend on a semi-annual or quarterly basis for 2022.

8) Mobile Telecommunication Company Saudi Arabia’s (Zain KSA) board of directors approved the final offers received from the Public Investment Fund (PIF), Prince Saud bin Fahad, and Sultan Holding Co. after completing the due diligence and internal approvals of all parties.

9) Brent crude on Wednesday fell 22 cents to reach $93.06 per barrel. WTI crude also decreased 8 cents to reach $91.99/bbl.