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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) National Shipping Company of Saudi Arabia (Bahri) reported a net profit after Zakat and tax of SAR 1.571 billion for the fiscal year 2020. 2) The ownership of the entire share capital in Refan Company for Operation & Maintenance Limited was transferred to National Company for Learning and Education (NCLE). 3) Arabian Centres Co.’s board of directors approved the receipt of all dues from FAS Holding Co. for Hotels (a related party) at a total of SAR 350.3 million as on Sept. 30, 2020. 4) The Capital Market Authority (CMA) approved Halwani Bros. Co.’s request for capital increase through bonus share distribution.

National Shipping Company of Saudi Arabia to unveil Jeddah Port project soon

The National Shipping Company of Saudi Arabia (Bahri) is planning to expand in the logistics sector, said CEO Abdullah Aldubaikhi. He also revealed that the company kicked off works in a project located in Jeddah Port in cooperation with Saudi Ports Authority, and it will be unveiled “soon.” Speaking to Al Arabiya TV, the top executive said that Bahri is carrying out

9 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) Saudi Kayan Petrochemical Co.’s (Saudi Kayan) net loss after Zakat and tax widened to SAR 784.7 million for the fiscal year 2020. 2) stc reported net profit after Zakat and tax of SAR 11.085 billion for FY2020, rising 4% year-on-year (YoY). 3) Saudia Dairy & Foodstuff Company (SADAFCO) reported a net profit after Zakat and tax of SAR 205 million for the first nine-month period ended Dec. 31, 2020, a rise of 7% YoY. 4) Saudi Basic Industries Corp. (SABIC) and Plastic Energy Ltd. announced plans to commence construction on the first commercial unit to produce its flagship certified circular polymers.

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