Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) National Shipping Company of Saudi Arabia’s (Bahri) net profit after Zakat and tax surged 134% year-on-year (YoY) to SAR 419.2 million in the first quarter of 2020.
2) Umm Al-Qura Cement Co. reported a 79.15% jump YoY in net profit after Zakat and tax to SAR 38.5 million in Q1 2020.
3) Najran Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 40 million in Q1 2020.
4) Shareholders of Saudi Basic Industries Corp. (SABIC) approved a 22% cash dividend for H2 2019, at SAR 2.20 per share, totaling SAR 6.6 billion.
5) Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 17.2 million for Q1 2020, a rise of 46% YoY.
6) Yamama Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 124 million for Q1 2020, a rise of 76% YoY.
7) Saudi Industrial Services Co. (SISCO) will pay, on April 28, a cash dividend at 6% of capital, or SAR 0.60 a share, totaling SAR 48.9 million for FY2019.
8) MEFIC REIT Fund terminated the lease contract with Tihama Advertising & Public Relations Co. (Tihama) for the its administrative tower in Al Hamra district in Jeddah.
9) Brent crude on Thursday gained 81 cents to reach $21.18 per barrel. WTI Crude also increased 73 cents to reach $14.51/bbl.
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