Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Banque Saudi Fransi (BSF) posted a drop of 26% year-on-year (YoY) in net profit to SAR 682 million for Q1 2020.
2) Saudi Arabia Fertilizers Co.’s (SAFCO) board of directors recommended a 10% cash dividend for the first half of 2020.
3) Jabal Omar Development Co.'s shareholders approved, on May 13, amending the articles of incorporation related to the company's purposes.
4) Bank Albilad reported a 5% decline YoY in net profit to SAR 270 million for Q1 2020.
5) Saudi Automotive Services Company (SASCO) received a notice from Saudi Aramco regarding the retroactive increase of profit margin of fuel stations and service centers amounting to SAR 112 million including VAT.
6) Chubb Arabia Cooperative Insurance Co.’s shareholders disapproved the board recommendation to distribute 5% cash dividend for the fiscal year 2019.
7) Shareholders of Aseer Trading, Tourism and Manufacturing Co. approved, on May 13, the financial statements, as well as audit and board reports for the fiscal year 2019.
8) Brent crude on Friday gained $1.37 to reach $32.50 per barrel. WTI Crude also increased $1.87 to reach $29.43/bbl.
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