Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Saudi Cement Co.’s board of directors recommended a 15% cash dividend for the first half of 2020, at SAR 1.50 per share, amounting to SAR 229.5 million.
2) Bawan Co. reported a marginal increase of 1% in net profit after Zakat and tax to SAR 15.2 million for the first quarter of 2020.
3) Allianz Saudi Fransi Cooperative Insurance Co. reported a net loss before Zakat of SAR 15 million for Q1 2020.
4) Bupa Investments Overseas Ltd. signed an agreement with Nazer Group to acquire 4% of its holding in Bupa Arabia, raising its stake from 39.25% to 43.25%.
5) Saudi Arabian Cooperative Insurance Co. (SAICO) incurred a net loss before Zakat of SAR 10 million in Q1 2020.
6) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) posted a net profit before Zakat of SAR 8.2 million in Q1 2020, an increase of 17% year-on-year (YoY).
7) Al-Etihad Cooperative Insurance Co. posted a net profit before Zakat of SAR 17.5 million for Q1 2020, a jump of 17% YoY.
8) Buruj Cooperative Insurance Co.’s (Buruj) shareholders approved, on June 9, withholding cash dividend for the fiscal year 2019.
9) Brent crude on Thursday declined $1.28 to reach $40.45 per barrel. WTI Crude also decreased $1.38 to reach $38.22/bbl.
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