Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Dar Al-Arkan Real Estate Development Co. reported a net profit after Zakat and tax of SAR 12.4 million for the first quarter of 2020, a slump of 51% year-on-year (YoY).
2) Al Alamiya for Cooperative Insurance Co. reported a net profit before Zakat of SAR 3.4 million for Q1 2020, a 56% YoY decline.
3) Arabia Insurance Cooperative Co. reported a net profit before Zakat of SAR 190,000 for Q1 2020.
4) Wafrah for Industry and Development reported a net profit after Zakat and tax of SAR 1.3 million for Q1 2020.
5) Jarir Marketing Co.’s board of directors recommended a 17% cash dividend for Q1 2020, at SAR 1.7 per share, amounting to SAR 204 million.
6) Taiba Investments Co. (Taiba) reported a net profit after Zakat and tax of SAR 50.6 million for Q1 2020, a 62% YoY rise.
7) Chubb Arabia Cooperative Insurance Co. reported a net profit before Zakat of SAR 4 million for Q1 2020, a slump of 62% YoY.
8) Jarir Marketing Co. reported a net profit after Zakat and tax of SAR 251.7 million for Q1 2020, a rise of 7.7% YoY.
9) Brent crude on Friday gained 18 cents to reach $38.73 per barrel while WTI Crude decreased 8 cents to reach $36.26/bbl.
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