Here are a few things you need to know as Saudi stocks start trading on Monday.
1) National Industrialization Co. (Tasnee) narrowed its net loss after Zakat and tax year-on-year (YoY) by 94.1% to SAR 76.5 million in Q1 2020.
2) United International Transportation Co. (Budget Saudi) reported net profit after Zakat and tax of SAR 45.5 million for Q1 2020, an increase of 9.26% YoY.
3) Saudi Cable Co. widened net losses after Zakat and tax by 34.6% to SAR 43.2 million for Q1 2020.
4) Saudi Ground Services Co. (SGS) reported a net loss after Zakat of SAR 51.54 million for Q1 2020.
5) Naseej International Trading Co. trimmed net losses after Zakat and tax by 44.5% YoY to SAR 19.5 million for Q1 2020.
6) Saudi Industrial Export Co. (SIECO) reported net profit after Zakat and tax of SAR 200,000 for Q1 2020, versus net losses of SAR 8.5 million in the year-earlier period.
7) Saudi Fisheries Co. (Alasmak) reported a net loss of SAR 11 million for the first quarter of 2020, from a loss of SAR 9.2 million in the same period last year.
8) Saudi Arabian Mining Company’s (Maaden) subsidiary, Ma’aden Wa’ad Al Shamal Phosphate Co., signed two agreements on June 20, 2020, to reschedule and refinance debts.
9) Salama Cooperative Insurance Co. widened its net loss before Zakat by 74.2% to SAR 25.4 million in Q1 2020.
10) Brent crude on Monday remained stable at $42.20 per barrel, while WTI Crude fell 17 cents to reach $39.58/bbl.
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