Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) The Securities Depository Center Company (Edaa) transferred Saudi Aramco’s bonus shares into the eligible shareholders’ accounts on July 25, 2020.
2) Al Rajhi Bank reported a decline of 6% in H1 2020 net profit to SAR 4.81 billion, from SAR 5.10 billion in year earlier period.
3) Saudi Arabian Mining Co. (Maaden) widened its net losses after Zakat and tax to SAR 787 million for H1 2020, compared to SAR 370.9 million in the same period last year.
4) United International Transportation Co. Ltd.’s (Budget Saudi) board of directors recommended a 5% cash dividend for the first half of 2020.
5) The Saudi Arabian Monetary Authority (SAMA) on Thursday issued rules for comprehensive insurance of auto lease finance for individuals, effective as of November 2020.
6) Taiba Investments Co. signed a long-term Shariah compliant financing agreement with Bank Albilad for an amount of SAR 1.36 billion.
7) Riyad Bank reported a fall of 15% in H1 2020 net profit to SAR 2.5 billion, from SAR 3 billion in year earlier period.
8) Brent crude on Friday gained 0.07% cents to reach $43.34 per barrel. WTI Crude also rose 0.66% to reach $41.34/bbl.
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