Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Saudi Paper Manufacturing Co. (SPM) trimmed net losses after zakat and tax by 69.2 percent year-on-year (YoY) to SAR 16.2 million in the first nine months 2019.
2) Taleem REIT Fund will pay 1.6 percent dividend, at SAR 0.16 per unit for Q3 2019 for the period from July 1 to Sept. 30, 2019, amounting to SAR 8.2 million.
3) Middle East Healthcare Co. (Saudi German Hospital) has inked a Sharia-compliant credit facility at SAR 200 million with Bank Albilad.
4) National Agricultural Marketing Co. (Thimar) incurred net losses after zakat and tax of SAR 5.9 million for H1 2019, versus net profit of SAR 770,635 in year-earlier period.
5) Jadwa REIT Saudi Fund will pay a 1.8 percent cash dividend for the third quarter of 2019, at SAR 0.18 per unit, amounting to SAR 28.44 million.
6) AXA Cooperative Insurance Co. signed an agreement with Abdul Latif Jameel United Finance Co. and United Installment Sales Company to provide auto insurance services for one year.
7) Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has renewed an auto insurance services agreement with Abdul Latif Jameel United Leasing Co. and United Installment Sales Co.
8) Brent crude on Thursday lost 10 cents to reach $58.22 per barrel whereas WTI Crude also decreased 10 cents to reach $52.49/bbl.
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