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10 things to watch on Tadawul today


Here are a few things you need to know as Saudi stocks start trading on Monday.
- Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for fiscal year 2020.
- Saudi Industrial Investment Group (SIIG) reported net profit after Zakat and tax of SR 92 million for FY2020, plunging 85 percent year-on-year (YoY).
- United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and Tax of SR 62.1 million for FY2020, an increase of 181 percent YoY.
- Yanbu Cement Co.’s board of directors recommended 5 percent capital cut to SR 1 billion from SR 1.575 billion through writing off shares, as the company had excess capital. ....

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9 things to watch on Tadawul today


Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Al-Babtain Power and Telecommunication Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2020, at SAR 1 per share, amounting to SAR 42.63 million.
2) Raydan Food Co. submitted its request to increase capital through rights issue to the Capital Market Authority (CMA) on Dec. 30, 2020.
3) Bank Aljazira shareholders authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for FY2021.
4) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed a Shariah-compliant financing facility agreement with Saudi Investment Bank (SAIB) worth SAR 70 million. ....

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