Here are a few things you need to know as Saudi stocks start trading on Tuesday.
- Hail Cement Co. reported a net profit after Zakat and tax of SAR 107.5 million for the fiscal year 2020, an 82% increase year-on-year (YoY).
- Jadwa REIT Saudi Fund distributes cash dividend to unitholders for Q4 2020 at SAR 0.19 per unit, or 1.9% initial price per unit, totaling SAR 30.02 million.
- Saudi Research and Marketing Group (SRMG) opened, on Jan. 25, 2021, the nomination process for board of directors’ membership for the upcoming three-year session, starting May 21, 2021.
- National Building & Marketing Co.’s board of directors accepted the resignation of chief executive officer (CEO) Mohammad S. Alawwad, effective Jan. 25, 2021.
- Saudi Chemical Co.’s board of directors accepted the resignation of Khaled Al-Taweel from his position as independent board member and chairman of the nomination and remuneration committee.
- Brent crude on Tuesday declined 69 cents to reach $55.41 per barrel. WTI crude also decreased 86 cents to reach $52.27/bbl.
