Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Samba Financial Group reported a net profit of SAR 1.274 billion for the first quarter of 2020, a 20% year-on-year (YoY) increase.
2) Riyad Bank reported a marginal decline of 0.6% YoY in net profit to SAR 1.476 billion for Q1 2020.
3) National Commercial Bank (NCB) reported net profit of SAR 2.8 billion for Q1 2020, a 2% YoY rise.
4) Leejam Sports (Fitness Time) reported net profit after Zakat and tax of SAR 6.3 million in Q1 2020, a decline of 84% YoY.
5) Alinma Bank’s Q1 2020 net profit fell by 42% YoY to SAR 370 million.
6) Saudi Cement Co. posted a net profit after Zakat and tax of SAR 147.6 million for Q1 2020, a jump of 12% YoY.
7) Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) net profit before Zakat rose to SAR 36.3 million in Q1 2020.
8) Saudi Re for Cooperative Reinsurance Co. reported a net profit before Zakat of SAR 10.8 million for Q1 2020, a drop of 57% YoY.
9) Al Kathiri Holding Co. reported net profit after Zakat and tax of SAR 3.62 million, declining 20.6% YoY for Q1 2020.
10) Brent crude on Monday gained $1.09 to reach $33.59 per barrel. WTI Crude also increased $1.28 to reach $30.71/bbl.
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