8 things to watch on Tadawul today

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

Mobile Telecommunication Company Saudi Arabia (Zain KSA) nearly doubled its net profit after Zakat and tax to SAR 81 million in Q1 2022.

Kingdom Holding Co. (KHC) reported a 6% rise in Q1 2022 net profit after Zakat and tax to SAR 5.925 billion, compared to SAR 91.1 million in the prior-year period.

Shareholders of Kingdom Holding Co. (KHC) approved the board’s recommendation on distributing 2.8% cash dividend for 2022.

Saudi National Bank’s (SNB) shareholders approved the board’s recommendation to pay a cash dividend at 9% of capital, or SAR 0.90 a share, for H2 2021.

Shareholders of Arabian Cement Co. approved the board’s recommendation on paying a cash dividend at 15% of capital, or SAR 1.5 per share, for H2 2021.

Shareholders of Saudi British Bank (SABB) approved the board’s recommendation to pay 3.6% cash dividend, or SAR 0.36 a share after deducting Zakat, for H2 2021.

Saudi Fisheries Co. announced it extended the non-binding MoU signed with the Arabian Agricultural Services Co. for three months ending on July 19, 2022.

Brent crude rose by 0.47% at $113.69 per barrel. WTI crude gained 0.17% to reach $108.39/bbl.