Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Ash-Sharqiyah Development Co. widened net loss after Zakat and tax to SAR 67.5 million for the fiscal year 2019, compared to net losses of SAR 6.7 million a year earlier.
2) Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) trimmed net loss after Zakat and tax by 74.7% year-on-year (YoY) to SAR 49.8 million for FY2019.
3) Seera Holding Group will adopt electronic voting for its ordinary general meeting that will be held on April 20.
4) Amana Cooperative Insurance Co. widened its net loss before Zakat to SAR 27.7 million for FY2019, an increase by 37% YoY.
5) Al-Samaani Factory for Metal Industries Co. posted a net loss after Zakat and tax of SAR 1.9 million for FY2019, against a net profit of SAR 459,000 a year earlier.
6) Musharaka REIT posted a net profit of SAR 40.08 million for FY2019 as compared to SAR 54.84 million a year earlier.
7) Saudi Basic Industries Corp.’s (SABIC) shareholders will vote, on April 21, on a 22% cash dividend for the second half of 2019 (SAR 2.2 per share).
8) Advanced Petrochemical Co. announced the signing of a partnership agreement between its subsidiary, Advanced Global Investment Co. (AGIC), and SK Gas Petrochemical Pte. Ltd. (SKGP), a unit of SK Gas Co. Ltd.
9) Basic Chemical Industries Co.’s (BCI) board of directors recommended withholding cash dividend for the fourth quarter of 2019.
10) Brent crude on Monday declined $1.53 to reach $23.40 per barrel. WTI Crude also decreased 98 cents to reach $20.53/bbl.
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