Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Arabian Mining Co. (Maaden) reported a net loss after zakat and tax of SAR 739.46 million in the fiscal year (FY) 2019, compared to a net profit of SAR 1.85 billion a year earlier.
2) Saudi Chemical Holding Co. approved appointing Thamer Al-Muhid as the new chief executive officer.
3) Alkhabeer REIT Fund will pay 2% cash dividends for the fourth quarter of 2019, at SAR 0.2 per unit, amounting to SAR 13.28 million.
4) Maaden will hold off on issuing a cash dividend for FY2019.
5) Qassim Cement Co. recommended 11% cash dividend for the fourth quarter of 2019, at SAR 1.1 per share, amounting to SAR 99 million.
6) Leejam Sports Company (Fitness Time) opened a new ladies fitness center in Makkah.
7) Saudi Industrial Development Co. (SIDC) received a letter from Arabian Industrial Fibers Co. (Ibn Rushd), a limited liability company, about recording a plant and equipment impairment provision of SAR 2.8 billion.
8) The Capital Market Authority (CMA) approved Saudi Fisheries Co.'s (Alasmak) request to increase capital through a SAR 298.9 million rights issue.
9) Brent crude on Sunday declined 71 cents to reach $56.62 per barrel whereas WTI Crude decreased 58 cents to reach $51.56/bbl.
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