6 things to watch on Tadawul today

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

1) Hail Cement Co. reported a net profit after Zakat and tax of SAR 107.5 million for the fiscal year 2020, an 82% increase year-on-year (YoY).

2) Jadwa REIT Saudi Fund distributes cash dividend to unitholders for Q4 2020 at SAR 0.19 per unit, or 1.9% initial price per unit, totaling SAR 30.02 million.

3) Saudi Research and Marketing Group (SRMG) opened, on Jan. 25, 2021, the nomination process for board of directors’ membership for the upcoming three-year session, starting May 21, 2021.

4) National Building & Marketing Co.’s board of directors accepted the resignation of chief executive officer (CEO) Mohammad S. Alawwad, effective Jan. 25, 2021.

5) Saudi Chemical Co.’s board of directors accepted the resignation of Khaled Al-Taweel from his position as independent board member and chairman of the nomination and remuneration committee.

6) Brent crude on Tuesday declined 31 cents to reach $55.57 per barrel. WTI crude also decreased 25 cents to reach $52.52/bbl.