Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Almarai’s consolidated net profit after Zakat and tax jumped 12% year-on-year (YoY) to SAR 1.026 billion in H1 2020.
2) Saudi British Bank (SABB) will update and amend its previously established international sukuk program, and set up a local sukuk program.
3) Mobile Telecommunications Company Saudi Arabia (Zain Saudi) signed a non-binding memorandum of understanding (MoU) with Etihad Etisalat Company (Mobily) to form a joint committee and invite offers for telecom towers.
4) The Company for Cooperative Insurance (Tawuniya) signed a health insurance contract with Saudi Binladin Group to provide healthcare services to its employees.
5) Jadwa REIT Saudi Fund signed a new lease contract for trade fairs held at Aber Al Yasmin Hotel, increasing the occupancy rate to 100%.
6) Alkhaleej Training and Education Co. inked a non-binding MoU with Al-Raqi National Schools Co. Ltd (LLC) to acquire a 60% stake in Al-Raqi Private Schools Company Limited in Riyadh.
7) Al Moammar Information Systems Co.’s (MIS) board of directors recommended a 10% cash dividend for H1 2020, at SAR 1 per share, amounting to SAR 20 million.
8) Brent crude on Monday gained 28 cents to reach $43.08 per barrel whereas WTI Crude decreased 14 cents to reach $40.51/bbl.
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