6 things to watch on Tadawul today

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A boat (foreground) is seen past an oil tanker (background) docked next to an oil refinery on Bukom island off Singapore on Jan. 18, 2016. (File/AFP)
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Here are a few things you need to know as Saudi stocks start trading on Tuesday.

  1. Advanced Petrochemical Co. reported an estimated net profit after Zakat and tax of SAR 596 million for fiscal year 2020, down 22% year-on-year (YoY).
  2. Jazan Energy and Development Co. (JAZADCO) received the initial ruling issued by Riyadh Commercial Court, rejecting the case against the former board of directors of Tabuk Fisheries Co.
  3. Saudi Paper Manufacturing Co. accepted the resignation of independent board member, Fahad Bin Saad Al-Sheaibi.
  4. The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (MEDGULF) received the certification of Sharia compliance by Shariyah Review Bureau.
  5. Zahrat Al Waha for Trading Co. concluded an agreement with Argaam Investments Co. to design an investor relations (IR) web page on its website and launch a special IR mobile app for Android and iOS smartphones.
  6. Brent crude on Tuesday gained $1.61 to reach $55.99 per barrel. WTI crude also increased $1.41 to reach $52.24/bbl.

 

 

Topics: Saudi Arabia Saudi Stock Exchange (Tadawul) Brent crude