Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Alujain Corp. reported net loss after zakat and tax of SAR 258.18 million for the first 9 months of 2019, versus net profit of SAR 154.04 million in the corresponding period last year.
2) Saudi Indian Co. for Cooperative Insurance (Wafa Insurance) announced postponing the announcement of its financial statements for the period ended March 31, 2019 until December 31, 2019.
3) Anaam International Holding Group submitted a request to the Capital Market Authority (CMA) to cut its capital by 92.35%.
4) SABB Takaful Co. announced on Sunday issuing a Money and Fidelity All Risks Premises Insurance policy worth SAR 3.25 million to Saudi British Bank (SABB).
5) Kingdom Investment and Development Co., a subsidiary of Kingdom Holding Co., signed a non-binding memorandum of understanding (MoU) with Ataa Educational Company.
6) Brent crude on Monday gained 72 cents to reach $61.21/bbl, while WTI crude also increased 88 cents to stand at $56.05/bbl.
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