Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Arabian Mining Co. (Maaden)widened its net losses after Zakat and tax more than twofold to SAR 353.2 million for the first quarter of 2020.
2)Qassim Cement Co. reported a net profit after Zakat and tax of SAR 111.2 million for Q1 2020, a rise of 99% year-on-year (YoY).
3) The Saudi Stock Exchange (Tadawul) suspended trading of Alujain Holding Corp. as of April 30, for not disclosing its annual financial statements for the fiscal year 2019 within the specified period.
4) Mobile Telecommunication Company Saudi Arabia (Zain Saudi) reported a net profit of SAR 105 million for Q1 2020, a decline of 19% YoY.
5)Halwani Bros. reported net profit after Zakat and tax of SAR 30.4 million in Q1 2020, a more than five-fold increase year-on-year YoY.