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 marginal rise of 1.4% year-on-year (YoY) in net profit after zakat and tax to SAR 11.63 million for Q1 ending on Nov. 30, 2019.
2) State oil giant Saudi Aramco said no price stabilization transactions have been executed as of Jan. 7, 2020.
3) The Securities Depository Center Company (Edaa) announced the addition of the units subscribed to Al Rajhi REIT Fund.
4) Al Kathiri Holding Co. signed an agreement with National Commercial Bank (NCB) to renew existing Shariah-compliant credit facilities, raising the total value from SAR 3 million to SAR 5 million.
5) Makkah Construction and Development Co. (MCDC) announced that it leased 8 shops (the first phase) adjacent to the Grand Mosque through the auction held on Monday, Jan. 6, 2020.
6) Brent crude on Wednesday gained 93 cents to reach $69.20 per barrel whereas WTI Crude also increased 79 cents to reach $63.49/bbl.
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