Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Fawaz Abdulaziz Alhokair Co. sustained a net loss after zakat and tax of SAR 681.2 million for the fiscal year ended March 31, 2020.
2) National Commercial Bank (NCB) completed the issuance of SAR 4.2 billion worth of SAR denominated additional Tier 1 sukuk at a par value of SAR 1 million through private placement.
3) Bupa Arabia for Cooperative Insurance Co. received the confirmation to renew its contract as the health insurance provider for Saudi Basic Industries Corp (SABIC) employees and their families.
4) Saudi Arabian Oil Co. (Saudi Aramco) raised Octane 91 price to SAR 0.98 per liter for the period from July 1-10 from SAR 0.90 per liter in June.
5) Shareholders of Middle East Healthcare Co. (MEAHCO), the owner and operator of the Saudi German Hospitals chain, approved withholding dividend for the fiscal year 2019.
6) City Cement Co.'s shareholders approved authorizing the board of directors to pay interim dividend on a semi-annual or quarterly basis for FY2020.
7) Taleem REIT Fund completed the acquisition and ownership transfer of an educational building, currently leased by Al-Ghad National Schools, in Riyadh.
8) National Company for Learning & Education’s (NCLE) board of directors approved the cancelation of the lease agreement of an educational complex between Al-Ghad National Schools Co., a wholly-owned subsidiary, and Yamami Holdings.
9) Brent crude on Wednesday declined 56 cents to reach $41.15 per barrel whereas WTI Crude increased 54 cents to reach $39.81/bbl.
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