Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Kayan Petrochemical Co. (Saudi Kayan) widened net loss after Zakat and tax by more than two-fold year-on-year (YoY) to SAR 516.8 million in the first quarter of 2020.
2) Najran Cement Company signed a SAR 355 million Shariah-compliant credit facility agreement with Bank Aljazira.
3) Al Rajhi Capital, the fund manager of Al Rajhi REIT Fund, received a notice to terminate lease contracts for 2 properties.
4) Al-Babtain Power & Telecommunication Co. extended its binding memorandum of understanding (MoU) to sell 49% of Al-Babtain France to Portuguese Metalogalva for 2 months until June 23, 2020.
5) Thob Al Aseel Co. reported a net profit of SAR 17.5 million for the first quarter of 2020, an 8% YoY increase.
6) National Gypsum Co. will pay cash dividend for the fiscal year 2019 on April 27, 2020.
7) Brent crude on Monday declined 44 cents to reach $21 per barrel. WTI Crude also decreased $1.50 to reach $15.44/bbl.
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