Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) City Cement Co.’s net profit after Zakat and tax jumped 70% year-on-year (YoY) to SAR 70.5 million for the first quarter of 2020.
2) The National Company for Glass Industries (ZOUJAJ) reported a net profit after Zakat and tax of SAR 2.3 million for Q1 2020, a 50% YoY drop.
3) Saudi Research and Marketing Group (SRMG) reported a 19% profit decline YoY to SAR 64.7 million in Q1 2020.
4) Saudi Industrial Services Co. (SISCO) posted an increase of 57.4% YoY in net profit after Zakat and tax to SAR 26.6 million for Q1 2020.
5) Aseer Trading, Tourism and Manufacturing Co. (Aseer) posted net profit after Zakat and tax of SAR 200,000 for Q1 2020, a drop of 96% YoY.
6) Arab Sea Information Systems Co. (Arab Sea) reported a net loss after Zakat and tax of SAR 1.73 million for Q1 2020.
7) Takween Advanced Industries Co. widened net loss after Zakat and tax by 49.8% YoY to SAR 18.8 million for Q1 2020.
8) Maharah Human Resource Co.'s shareholders authorized the board of directors to pay interim dividend for FY2020 on a quarterly or semi-annual basis.
9) Brent crude on Friday gained $1.51 to reach $30.97 per barrel. WTI Crude also increased $1.19 to reach $24.74/bbl.
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