8 things to watch on Tadawul today

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

1) Rabigh Refining and Petrochemical Co. (Petro Rabigh) widened net loss after Zakat and tax by more than six-fold to SAR 3.781 billion for 2020.

2) Samba Financial Group reported a net profit of SAR 4.204 billion in 2020, a rise of 5%, from SAR 3.991 billion in 2019.

3) United Wires Factories Co.’s (Aslak) board of directors recommended a 10% cash dividend, at SAR 1 per share, for the second half of 2020.

4) Amlak International Real Estate Finance Co. renewed and amended a SAR 664.5 million Shariah-compliant credit facility agreement with Saudi Investment Bank (SAIB).

5) Tabuk Agricultural Development Co. (TADCO) issued prospectus for its SAR 150 million rights issue through offering 15 million shares.

6) Abdul Mohsen Alhokair Group Co. for Tourism and Development signed an agreement to reschedule Islamic banking facilities worth SAR 89.02 million with Saudi British Bank (SABB).

7) SABB’s board of directors approved the resignation of managing director and chief executive officer (CEO), David Dew, effective May 23, 2021.

8) Brent crude on Thursday gained 84 cents to reach $65.18 per barrel. WTI crude also increased 66 cents to reach $61.80/bbl.