Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) National Metal Manufacturing and Casting Co. (Maadaniyah) widened net loss after Zakat and tax to SAR 7.5 million for Q1 2020.
2) Saudi Ceramic Co. received an apology letter from El Khereiji Co. stating its inability to acquire its property in the Eastern Province for SAR 26 million due to the current COVID-19 economic repercussions.
3) Al Ahsa Development Co. reported a net profit of SAR 15.9 million for Q1 2020.
4) Tabuk Agricultural Development Co.’s shareholders disapproved, on June 17, amending bylaws related to the remuneration of the board of directors and board committees.
5) Allianz Saudi Fransi Cooperative Insurance Co.’s (Allianz SF) subscription to new shares and rights trading will start tomorrow, June 22.
6) Al Hassan Ghazi Ibrahim Shaker Co. narrowed net losses after Zakat and tax to SAR 1.3 million for Q1 2020.
7) Al Hammadi Company for Development and Investment (Al Hammadi) reported a net profit after Zakat and tax of SAR 24.9 million for Q1 2020.
8) Alkhabeer Capital Co. invited the unit holders of Alkhabeer REIT Fund to vote on increasing the fund’s total assets by SAR 722.8 million on July 5.
9) Brent crude on Friday gained 68 cents to reach $42.19 per barrel. WTI Crude also increased 91 cents to reach $39.75/bbl.
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