10 things to watch on Tadawul today

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

1) Saudi Arabian Oil Co. (Saudi Aramco) reported an over twofold rise year-on-year (YoY) in net profit after Zakat and tax to SAR 412.4 billion in 2021.

2) Saudi Aramco’s board recommended increasing the company’s capital from SAR 60 billion to SAR 75 billion by granting one share for every 10 shares. The company also announced distributing SAR 70.33 billion cash dividend for Q4 2021.

3) AYYAN Investment Co. reported a net profit of SAR 4.3 million for 2021, a decline of 84% YoY from SAR 27.3 million.

4) Saudi Chemical Co. reported a net profit after Zakat and tax of SAR 70 million in 2021, a 5% dip from SAR 74 million in the previous year.

5) CHUBB Arabia Cooperative Insurance Co. posted a net profit of SAR 7.2 million for 2021, down 76% YoY.

6) Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit after Zakat and tax of SAR 103.3 million for 2021, a decline of 9% YoY.

7) AWPT’s board of directors approved a 15% cash dividend for H2 2021, at SAR 1.50 per share, amounting to SAR 37.5 million.

8) ACWA Power completed the sale of its entire 32% stake in Shuqaiq Water and Electricity Co. for SAR 391.5 million in cash.

9) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) opened a new showroom in Riyadh with investments worth SAR 1.95 million.

10) Brent crude gained 2.66% to reach $110.80 per barrel. WTI crude also increased 2.79% to reach $107.62/bbl.