Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Mobile Telecommunication Company Saudi Arabia (Zain) posted a net profit after zakat and tax of SAR 260 million for the first half of 2019, versus a net loss of SAR 115 million.
2) Jarir Marketing Co.’s net profit after zakat and tax rose by 5.5 percent year-on-year (YoY) to SAR 402.8 million in the first half of 2019 on higher sales backed by the electronics section, and higher retail sales following the opening of six new showrooms.
3) Ataa Educational Co. has issued a prospectus for its retail offering, which runs from July 14 until July 18.
4) The Capital Market Authority (CMA) will maintain a trading halt on Abdullah A. M. Al-Khodari Sons Co.'s shares pending the disclosure of the company’s financial statements.
5) Halwani Bros Co.’s shareholders are set to vote on a 10 percent capital hike to SAR 314.29 million from SAR 285.71 million through the issue bonus shares during the general assembly meeting that will be held on Aug. 5, 2019.
6) Saudi British Bank (SABB) has appointed Martin Powel as a board member effective July 15, 2019.
7) Etihad Atheeb Telecommunication Co. (GO) shareholders will on August 4 approve the board of directors’ report, an audit report and all financial statements for FY ending March 31, 2018.
8) Al Sagr Cooperative Insurance Co. has signed a non-exclusive agency agreement with Elite Panorama Company for Cooperative Insurance Agency.
9) Brent crude on Monday declined 7 cents to reach $66.65/bbl, while WTI crude also decreased 16 cents to reach $60.05/bbl.
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