Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Aramco invited analysts and investors to join its investor earnings call on March 16, 2020, to discuss financial statements for fiscal year (FY) 2019.
2) Rabigh Refining and Petrochemical Co. (Petro Rabigh) reported a net loss after Zakat and tax of SAR 544 million for FY2019.
3) Arabian Shield Cooperative Insurance Co. received the approval of the Saudi Council of Cooperative Health Insurance (CCHI) on requalification for 3 years.
4) Northern Region Cement Co. elected board members for the upcoming three-year term starting on March 16, 2020.
5) Saudi Fisheries Co. (Alasmak) issued prospectus for its SAR 298.8 million rights issue.
6) National Building & Marketing Co. signed a memorandum of understanding (MoU) with Etihad Al Kharj Metal Casting Co. to fully acquire the latter for SAR 20 million.
7) Brent crude on Friday gained 98 cents to reach $57.32 per barrel. WTI Crude also increased 63 cents to reach $52.05/bbl.
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