Here are a few things you need to know as Saudi stocks start trading on Monday.
1) The Saudi Arabian Oil Co. (Saudi Aramco) posted a 51% drop in net profit after Zakat and tax to SAR 87.1 billion for the first six months of 2020.
2) Saudi Arabia Refineries Co. (SARCO) reported a 33% drop in net profit after Zakat and tax to SAR 6 million for H1 2020.
3) Saudi Aramco declared a cash dividend of SAR 70.32 billion ($18.75 billion) to shareholders for Q2 2020.
4) The Saudi Stock Exchange (Tadawul) announced that the first group of derivatives exchange members has completed all regulatory and technical requirements to become members of its derivatives market.
5) Tihama Advertising and Public Relations Co.’s rights issue shares were 86.8% subscribed, as subscribers injected SAR 86.78 million in 8.68 million shares.
6) National Building and Marketing Co. will establish three Riyadh-based, closed joint-stock companies, in line with the board’s decision dated Aug. 6, 2020.
7) Ataa Educational Co. signed a non-binding memorandum of understanding (MoU) to acquire a 52% stake in Alwasat Schools, a limited liability firm.
8) Saudi Cable Co. signed a debt rescheduling agreement worth SAR 180.8 million with a non-commercial creditor, consisting of financing the supply of copper provided by Noble Resources International PTE LTD.
9) SEDCO Capital REIT Fund will distribute a cash dividend of 1.52% or SAR 0.152 per unit for the period starting April 1, 2020 to June 30, 2020, to unit holders through Al Rajhi Bank from Aug. 11.
10) Brent crude on Monday gained 47 cents to reach $44.87 per barrel. WTI Crude also increased 58 cents to reach $41.80/bbl.
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