Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) The Saudi Stock Exchange (Tadawul) activated the cancelling of all outstanding orders in the event of a corporate action, resulting in a security price adjustment from June 1, 2020.
2) Al Khaleej Training & Education Co. reported a net profit after Zakat and tax of SAR 4.3 million for Q1 2020, a decline of 40% year-on-year (YoY).
3) Al Yamamah Steel Industries Co. posted net profit after Zakat and tax of SAR 24.5 million for the first half ending March 31, 2020.
4) Osool and Bakheet Investment Co., fund manager of Al-Maather REIT Fund, agreed with Al-Roqi National Schools Company to extend the memorandum of understanding (MoU) until Oct. 31, 2020.
5) Saudi Airlines Catering Co. reported a net profit after Zakat and tax of SAR 15.6 million for Q1 2020, an 84.9% YoY decline.
6) Al Abdullatif Industrial Investment Co. (AlAbdullatif) swung to a net loss after Zakat and tax of SAR 7.7 million for Q1 2020.
7) Al-Babtain Power & Telecommunication Co.’s (Al-Babtain) shareholders will vote, on June 10, on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2020.
8) Jazan Energy and Development Co. (JAZADCO) reported net profit after Zakat and tax of SAR 524,000 in Q1 2020.
9) Brent crude on Thursday gained 67 cents to reach $36.42 per barrel. WTI Crude also increased 64 cents to reach $34.13/bbl.
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