Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Al Yamamah Steel Industries Co. narrowed net losses after zakat and tax by 74.9% year-on-year (YoY) to SAR 7.6 million for the first quarter ending Dec. 31, 2019.
2) Al Alamiya Cooperative Insurance Company received the approval of the Council of Cooperative Health Insurance (CCHI) to renew its license.
3) Saudi Cement Co. recommended a 20% cash dividend for the second half of 2019, at SAR 2 per share, amounting to SAR 306 million.
4) Al Sagr Cooperative Insurance Co. (Sagr Insurance) received the Council of Cooperative Health Insurance’s (CCHI) approval to renew its license.
5) Etihad Atheeb Telecommunication Co.’ (GO) shareholders are set to vote on a 34.8% capital cut to SAR 228.53 million from SAR 350.53 million during the extraordinary general assembly meeting to be held on Feb. 27.
6) Brent crude on Friday declined 46 cents to reach $54.47 per barrel. WTI Crude also decreased 63 cents to reach $50.32/bbl.
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