Your stock market guide for Monday Jan. 3 | Arab News

As many as 1,024 coronavirus cases were newly confirmed together with one coronavirus-caused death in the Kingdom on Sunday, Jan.

The group, which recently moved its headquarters from Palo Alto, California to Austin, Texas, sold 911,208 Model 3 and Model Y vehicles as well as 24,964 vehicles of its luxury S and X models .

• Al Rajhi Bank, one of the 15 largest banks globally by market value, paid out SR3.5 billion — or SR1.4 per share — as a dividend for the first half of 2021, in contrast to just SR1 per share for the entire 2020.

Aramco’s dividend payout was unchanged from a year earlier, and paid each shareholder SR1.05 per share for the first nine months of 2021.

The hike followed strong financial results for the first nine months of 2021, which saw SABIC swing to a profit of SR18.1 billion from a SR2.

Al Rajhi Bank, one of the 15 largest banks globally by market value, paid out SR3.5 billion — or SR1.4 per share — as a dividend for the first half of 2021, in contrast to just SR1 per share for the entire 2020.

Saudi Telecom Co., or stc, paid out quarterly dividends totaling SR3 per share for the first three quarters of 2021, matching last year’s rate.

has provided a safe dividend haven for shareholders, offering regular annual payouts of SR0.7 per share even amid high volatility.

The Gulf’s largest miner Arabian Mining Co., known as Ma’aden, has withheld dividends to finance growth since listing in 2008.

The eighth biggest listed firm in the Kingdom SABIC Agri-Nutrients, yielded 2.5 percent on a stock price of SR172, and offered its highest dividend policy since 2015 this year.

In reality, like all global oil producers, OPEC+ struggled to increase output due to underinvestment.

In reality, like all global oil producers, OPEC+ struggled to increase output due to underinvestment.

Against the backdrop of a hostile environment for fossil fuels, investment in renewables continued to grow this year.

But of course, the problem with calls for disinvestment in the oil industry is that attacking supply does absolutely nothing to curb consumer demand — the real driver of global warming.

October’s price rise was largely attributable to forecasts of a supply deficit as demand continued to increase.

European leaders also accused Russian President Vladimir Putin, whose country supplies around a third of Europe’s gas, of withholding supply to force the EU to approve its controversial pipeline Nord Stream 2.

In response, and just days after demanding urgent action on climate change at COP26 in November, Biden announced the largest release of emergency oil reserves in US history from the country’s Strategic Petroleum stockpile.

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