Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) The Saudi Stock Exchange (Tadawul) approved the listing request of government issued debt instruments from a class already listed, submitted by the Ministry of Finance as per the listing rules with a total value of SAR 5.76 billion.
2) Al-Jouf Agricultural Development Co.’s (Al Jouf) net profit after Zakat and tax rose slightly to SAR 6.6 million in the first quarter of 2020.
3) Sahara International Petrochemical Co. (Sipchem) sustained a net loss after Zakat and tax of SAR 52.8 million for Q1 2020.
4) Saudi Vitrified Clay Pipes Co. (SVCP) extended the terms implementation period of the agreement to acquire 75% of Advanced Piping Solutions Co. for additional 90 days.
5) Saudi Marketing Co.'s (Farm Superstores) shareholders approved, on May 14, the board's recommendation on withholding dividend for FY2019.
6) Saudi Arabia Refineries Co. (SARCO) narrowed net losses by 13% year-on-year (YoY) to SAR 1.1 million for Q1 2020.
7) The National Shipping Company of Saudi Arabia (Bahri) received the new dry-bulk carrier ‘Sara' from Hyundai Vietnam Shipbuilding (HVS).
8) Brent crude on Tuesday gained 16 cents to reach $34.97 per barrel. WTI Crude also increased 73 cents to reach $32.55/bbl.
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