Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Basic Industries Corp (SABIC) registered 4 negotiated deals, with nearly 2.1 billion shares privately traded for SAR 259.12 billion.
2) Saudi Public Transport Co. (SAPTCO) reported a more than three-fold increase year-on-year (YoY) in net loss after Zakat and tax of SAR 39.9 million for Q1 2020.
3) Mouwasat Medical Services Co. reported a net profit after Zakat and tax of SAR 108 million for Q1 2020, a marginal increase of 1% YoY.
4) Northern Region Cement Co. reported a net profit after Zakat and tax of SAR 27.6 million for Q1 2020, a 78.01% year-on-year (YoY) increase.
5) Saudi Marketing Company (Farm Superstores) reported a net profit after Zakat and tax of SAR 8.1 million for Q1 2020, versus net loss of SAR 2.6 million in a year-earlier period.
6) Ataa Educational Co. reported a rise of 3% YoY in net profit after Zakat and tax to SAR 45.9 million for the nine-month period ending April 30, 2020.
7) Al-Babtain Power & Telecommunication Co. (Al-Babtain) reported a net profit after Zakat and tax of SAR 14.2 million, 28% down YoY, for Q1 2020.
8) Tabuk Agricultural Development Co. (TADCO) narrowed its net loss after Zakat and tax by 74.7% to SAR 5.9 million for Q1 2020.
9) Saudi Arabian Amiantit Co.’s board of directors recommended, on June 11, a capital hike through a SAR 120 million rights issue, instead of a previous SAR 300 million recommendation.
10) Brent crude on Monday fell 71 cents to reach $38.02 per barrel while WTI Crude decreased $1.03 to reach $35.23/bbl.
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