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.
6) Saudi Steel Pipe Co. reported a net loss after Zakat and tax of SAR 17.8 million for Q1 2020.
7) National Building and Marketing Co. (NBMC) reported a net profit after Zakat and tax of SAR 6.2 million for FY2019, a plunge of 74% YoY.
8) Savola Group reported net profit after Zakat and tax of SAR 172.8 million in Q1 2020, compared to SAR 6.3 million in year earlier period.
9) Saudi Industrial Investment Group (SIIG) swung to a net loss after Zakat and tax of SAR 174 million for Q1 2020.
10) Brent crude on Friday declined 4 cents to reach $26.44 per barrel whereas WTI Crude increased 94 cents to reach $19.78/bbl.
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