7 things to watch on Tadawul today

Tadawul trading screen

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

1) Zain Group, Etisalat Group, stc, Mobily and du formed an alliance to cooperate in accelerating implementation of Open Radio Access Network (Open RAN) solutions.

2) Walaa Cooperative Insurance Co. delays capital increase via rights issue until the planned merger with SABB Takaful Co. is completed or the memorandum of understanding (MoU) is terminated.

3) Saudi Ceramic Co. signed SAR 592 million Murabaha financing agreements with Banque Saudi Fransi and Saudi British Bank (SABB).

4) Yanbu Cement Co. reported a consolidated net profit after Zakat and tax of SAR 115.2 million for the first half of 2021, a fall of 11% year-on-year (YoY).

5) Thob Al Aseel Co.’s board of directors recommended a 7.5% cash dividend for the first half of 2021, at SAR 0.75 per share, amounting to SAR 22.5 million.

6) Saudi Enaya Cooperative Insurance Co. received a confirmation to renew its contract with Dr. Soliman Fakeeh Hospital to provide health insurance services to the hospital’s staff and their dependents.

7) Brent crude on Friday gained 31 cents to reach $74.10 per barrel. WTI crude also increased 16 cents to reach $72.07/bbl.