Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) National Industrialization Co. (Tasnee) reported a net loss after Zakat and tax of SAR 1.579 billion for fiscal year 2019, compared to a net profit of SAR 1.202 billion a year earlier.
2) Kingdom Holding Co. reported a net profit after Zakat ad taxes of SAR 420.168 million for FY2019, a 38.36% year-on-year (YoY) decline.
3) Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) reported a net loss after Zakat and tax of SAR 478.6 million for FY2019 compared to a net profit of SAR 51 million a year earlier.
4) Abdullah A. M. Al-Khodari Sons Co. (Al-Khodari) announced its inability to disclose annual financial results for FY2019 on time.
5) Tourism Enterprise Co. (Shams) trimmed net loss after Zakat and tax by 65.8% YoY to SAR 4.19 million for FY2019, compared to SAR 12.2 million a year earlier.
6) National Gas and Industrialization Co. (GASCO) reported a net profit after Zakat and tax of SAR 109.8 million for FY2019, up 22% YoY.
7) Saudi Real Estate Co. (Al Akaria) widened net losses after Zakat and tax by 1.8% YoY to SAR 186.4 million for FY2019.
8) Saudi Automotive Services Co. (SASCO) posted a threefold increase YoY in net profit after Zakat and tax to SAR 121.8 million for FY2019.
9) MEFIC Capital distributed 2.5% cash dividend to MEFIC REIT Fund unit holders for the period starting November 2018 to Dec. 31, 2019, at SAR 0.25 per unit, amounting to SAR 18.32 million.
10) Brent crude on Wednesday declined 2 cents to reach $22.74 per barrel whereas WTI Crude increased 3 cents to reach $20.51/bbl.
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