10 things to watch on Tadawul today

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

1) United International Transportation Co.’s (Budget Saudi) net profit after Zakat and tax climbed 25% year-on-year (YoY) to SAR 60.3 million in Q1 2022.

2) Red Sea International Co. (RSI) trimmed net losses after Zakat and tax to SAR 19.1 million for Q1 2022, from SAR 33 million in the year-earlier period.

3) Lazurde Company for Jewelry reported a net profit after Zakat and tax of SAR 13.7 million in Q1 2022, an increase of 34% YoY. 

4) National Agricultural Development Co. (NADEC) reported a net profit after Zakat and tax of SAR 15.1 million for Q1 2022 from SAR 6.4 million in the year-earlier period.

5) Saudi Home Loans Co. (SHL) reported a net profit of SAR 32.4 million in Q1 2022, an increase of 10% YoY.

6) Tabuk Agricultural Development Co. (TADCO) deepened net loss after Zakat and tax to SAR 10.6 million in Q1 2022, compared to SAR 1.9 million in a year-earlier period.

7) Saudi Industrial Development Co. (SIDC) widened net losses after Zakat and tax to SAR 4.8 million in Q1 2022, from SAR 1.74 million in the year-ago period.

8) Knowledge Economic City Co. (KEC) widened net losses after Zakat and tax to SAR 6.7 million for the first quarter of 2022, from SAR 4.6 million a year earlier.

9) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) turned to a net loss of SAR 56.7 million for Q1 2022, against a net income of SAR 6.8 million in the year-earlier period.

10) Brent crude rose 0.67% to reach $113.30 per barrel. WTI crude gained 0.52% to reach $110.85/bbl.