Here are a few things you need to know as Saudi stocks start trading onThursday.
1) National Building & Marketing Co. reported a net profit after Zakat and tax of SAR 2.1 million for H1 2020, a plunge of 75% year-on-year (YoY).
2) Alkhabeer REIT Fund reported SAR 59.5 million rental income in the first nine months of 2020, a rise of 19% YoY.
3) Jadwa REIT Saudi Fund reported SAR 101.9 million in rental income in 9M 2020, up by 3% YoY.
4) Swicorp Wabel REIT Fund posted a net profit of SAR 11.3 million (SAR 0.10 per unit) for the third quarter of 2020.
5) National Commercial Bank (NCB) and Samba Financial Group expect to finalize the planned merger in the second quarter of 2021.
6) Kuwait Real Estate Co. (AQARAT) hired an advisory firm to conduct a study on a possible debut of the company's shares on Dubai Financial Market (DFM) and Tadawul.
7) Middle East Specialized Cables Co. (MESC) said Riyadh Commercial Court issued a final ruling, ordering Al Mousa Foundation, a major client, to pay the dues in monthly installments until the end of March 2021.
8) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) signed a contract with Saudi Electricity Co. (SEC) to provide cooperative health insurance services to the company's employees and their approved family members.
9) Raydan Food Co. opened, on Oct. 14, a franchise branch in Khamis Mushayt in Abha.
10) Brent crude on Thursday gained 7 cents to reach $43.39 per barrel. WTI crude also increased 9 cents to reach $41.13/bbl.
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