Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1)National Company for Learning and Education (NCLE) posted a 5 percent year-on-year (YoY) rise in net profit after zakat and tax to SAR 37 million for the first nine months ending May 31, 2019.
2)Mulkia Gulf Real Estate REIT Fund will pay a 1.7 percent cash dividend for the second quarter of 2019, at SAR 0.17 per unit, amounting to SAR 10.2 million, the fund manager, Mulkia Investment, said in a bourse statement.
3)HSBC Saudi Arabia said that HSBC Amanah Saudi 20 ETF was rebalanced on Monday, in line with its index and revised portfolio.
4) Moody's Investors Service (Moody's) assigned provisional senior unsecured foreign-currency ratings of (P)A1/ (P) P-1 to the $5 billion Euro Medium-Term Note (EMTN) program of Samba Funding Limited, a special-purpose vehicle established by Samba Financial Group.
5) Brent crude on Wednesday gained 15 cents to reach $64.50/bbl, while WTI crude decreased 1 cent to reach $57.61/bbl.