Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Jabal Omar Development Co. swung to a net loss after Zakat and tax of SAR 682.4 million for the first half of 2020.
2) Saudi Real Estate Co. (Al-Akaria) turned to a net loss after Zakat and tax of SAR 7.6 million for H1 2020.
3) Saudi Industrial Services Co. (SISCO) reported net profit after Zakat and tax of SAR 83.1 million for H1 2020.
4) Middle East Specialized Cables Co. (MESC) narrowed net loss after Zakat and tax by 92.8% year-on-year (YoY) to SAR 1.2 million for H1 2020.
5) The National Shipping Company of Saudi Arabia (Bahri) signed an agreement to establish an equally-owned joint venture, the National Grain Company, with Saudi Agricultural and Livestock Investment Company (SALIC), at an estimated cost of SAR 412.5 million.
6) Aljazira Takaful Taawuni Co. inked a binding merger agreement with Solidarity Saudi Takaful Co.
7) Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 136.6 million for H1 2020.
8) Leejam Sports Co. reported a net loss after Zakat and tax of SAR 84.8 million for H1 2020.
9) Saudi Fisheries Co. (Alasmak) widened net losses after Zakat and tax to SAR 24.1 million for H1 2020.
10) Brent crude on Tuesday gained 9 cents to reach $45.22 per barrel whereas WTI Crude decreased 8 cents to reach $42.54/bbl.
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