10 things to watch on Tadawul today

Tadawul trading screen

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

1) Al Rajhi Bank posted a net profit of SAR 4.134 billion for Q1 2022, a rise of 24% from SAR 3.335 billion in the year-ago period.

2) Saudi National Bank (SNB) reported a net profit of SAR 4.5 billion for Q1 2022, a jump of 32% from SAR 3.4 billion in the year-ago period.

3) Alinma Bank posted a net profit of SAR 824.7 million for Q1 2022, a rise of 29% compared to SAR 641.8 million from the prior-year period.

4) The Saudi Investment Bank (SAIB) reported a net profit of SAR 287 million in Q1 2022, up 34% compared to a profit of SAR 213.5 million in Q1 2021.

5) National Industrialization Co. (Tasnee) reported a net profit after Zakat and tax of SAR 309 million for Q1 2022, down 6% from SAR 327.5 million year-on-year (YoY).

6) Nama Chemicals Co.’s net profit after Zakat and tax soared to SAR 33.41 million in Q1 2022, compared to SAR 10 million in Q1 2021.

7) Saudi Arabian Mining Co. (Maaden) posted an over twofold increase in Q1 2022 net profit to SAR 2.171 billion, from SAR 761.2 million in the year-earlier period.

8) Northern Region Cement Co. posted a net profit after Zakat and tax of SAR 23.4 million for Q1 2022, down 26% YoY. 

9) Qassim Cement Co.  reported a YoY slump of 75% in Q1 2022 net profit to SAR 25.1 million.

10) Brent crude declined 1.41% to reach $103.84 per barrel. WTI crude fell 1.36% to reach $100.63/bbl.