Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Savola Group reported net profit after Zakat and tax of SAR 582.3 million for the first six months of 2020.
2) Makkah Construction and Development Co. reported net profit after Zakat and tax of SAR 15 million for H1 2020, down 89% year-on-year (YoY).
3) Fitaihi Holding Group’s board of directors decided to close three retail branches of its subsidiary, Fitaihi Retail Co.
4) Saudi Paper Manufacturing Co. posted a drop of 36% YoY in net profit after Zakat and tax to SAR 5.1 million for H1 2020.
5) Dr. Sulaiman Al Habib Medical Group reported a net profit after Zakat and tax of SAR 438.9 million for H1 2020, a 9% YoY increase.
6) Saudi Chemical Co. reported a net profit after Zakat and tax of SAR 78.1 million for H1 2020, an 11% YoY increase.
7) Tihama Advertising and Public Relations Co. announced that subscription to the remaining shares was 1702.4% covered.
8) Saudi Fisheries Co. (Alasmak) fully repaid the medium-term Tawarruq loan which it had secured from Banque Saudi Fransi (BSF).
9) Al Kathiri Holding Co. reported a net profit of SAR 2.3 million for H1 2020, a 69.2% YoY decline.
10) Brent crude on Monday gained 29 cents to reach $45.09 per barrel. WTI Crude also increased 33 cents to reach $42.34/bbl.
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