Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudia Dairy & Foodstuff Company (SADAFCO) reported a net profit after zakat and tax of SAR 191.1 million in the first 9 months of 2019, a rise of 21.4% year-on-year (YoY).
2) Riyad Bank reported an 81.2% increase YoY in net profit to SAR 5.6 billion for the fiscal year (FY) 2019.
3) Herfy Food Services Co. reported a net profit after zakat and tax of SAR 196 million for FY19, a decline of 3.9% YoY.
4) National Medical Care Co. (Care) recommended a 20% cash dividend for the fiscal year of 2019, at SAR 2 per share, amounting to SAR 89.70 million.
5) Saudi Cable Co.’s remaining rights issue shares were 357% oversubscribed, with a total value of SAR 136.1 million, from 10.56 million shares at SAR 13.04 per share.
6) Al-Babtain Power & Telecommunication Co. (Al-Babtain) inked a medium-term Sharia-compliant Murabaha financing facility worth SAR 100 million with the Saudi Investment Bank (SAIB).
7) Bank Aljazira recommended a 3% cash dividend for the second half of 2019, at SAR 0.3 per share, amounting to SAR 246 million.
8) Tabuk Cement Co. appointed Saoud bin Solaimab Al-Juhni as chairman of the board and Abdulaziz bin Abdulrahman Alkhamis as deputy chairman.
9) Brent crude on Monday declined $1.35 to reach $59.34 per barrel whereas WTI Crude decreased $1.28 to reach $52.91/bbl.
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