Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) The Saudi Stock Exchange (Tadawul) has approved the request of Thob Al Aseel Co. to transition its shares from the parallel market to the main market.
2) Red Sea International Co. widened net losses by 88.2 percent year-on-year (YoY) to SAR 73.4 million for a nine-month period ending Nov. 4, 2019.
3) Seera Holding Group reported a net profit after zakat and tax of SAR 180 million for the first nine months of 2019, against a net loss of SAR 159 million a year earlier.
4) Tadawul has approved on Nov. 4 Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s request to transition its shares from Nomu parallel market to the main market.
5) City Cement Co. reported a net profit of SAR 124.2 million for the first 9 months of 2019, an increase of more than three-fold year-on-year (YoY).
6) Saudi Re for Cooperative Reinsurance Co. (Saudi Re) reported a net profit of SAR 56.2 million for the first nine months of 2019, an increase of more than two-fold year-on-year (YoY).
7) Ataa Educational Co. has inked a ten-year agreement to lease a full-fledged building at a total value of SAR 70.5 million.
8) Basic Chemical Industries Co. (BCI) posted a net profit after zakat and tax of SAR 31 million for the first nine months of 2019, a drop of 18.8 percent year-on-year (YoY).
9) Fitaihi Holding Group reported a net profit of SAR 15.19 million for the first nine months of 2019, a 1.47 percent year-on-year increase.
10) Brent crude on Tuesday gained 1 cent to reach $62.14 per barrel whereas WTI Crude decreased 4 cents to reach $56.50/bbl.
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