Aramco releases Q3 financials; petrochem index rises: Market wrap

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Mon, 2021-10-04 15:27

RIYADH: Saudi Arabia’s main market index rose by 0.42 percent on Monday morning to 11,501.19 points.

Following is a wrap of the stock market’s movements as of 11:30 a.m. Riyadh time:

Saudi Aramco said it will announce its main financial results and dividends for the Q3 of 2021, before the opening on Sunday, Oct. 31.

Batik obtained short-term credit facilities from “Al-Jazeera” amounting to SR101 million. 

Maadaniyah also established a valve factory at a cost of SR71 million.

SAMA agreed to Wataniya to renew the license to practice insurance activity.

Alakaria received a suburban housing project from the general contractor, and the housing units are being handed over to the beneficiaries

Alhasoob Trading announced the prospectus for offering its shares in the parallel market, Nomu.

Dar Alarkan offered its shares for subscription in preparation for submitting its offering file in Nomu.

Aljazira Capital issued its forecasts for the Q3 2021 profits for a number of Saudi banks and listed companies that fall under its coverage, led by Al-Rajhi Bank, SABIC and STC.

The general assembly of Taprco agreed to elect a Board of Directors for the next session, and refuses to discharge the members of the Board of Directors from liability for the fiscal year ending in March 2021.

Salama Insurance received a letter from the Saudi Central Bank ordering it to appoint an independent consultant to assess its corporate governance.

Today marks the disbursement of cash dividends to shareholders of Sasco at a rate of 3 percent per share for the first half of the fiscal year 2021 

SSP expects a positive result of SR18.9 million in Q3 as a result of selling the operating assets of one of its subsidiaries.

Amiantit signed an agreement to reschedule banking facilities with “Al-Ahly Saudi,” amounting to SR330 million.

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Tadawul edges down on first day of trading