Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) City Cement Co. reported a net profit after Zakat and tax of SAR 157.8 million in the first nine months of 2020.
2) Makkah Construction and Development Co. incurred net loss after Zakat and tax of SAR 14 million for 9M 2020.
3) Knowledge Economic City Co. reported a net loss after Zakat and tax of SAR 22.2 million for 9M 2020.
4) Amlak International for Real Estate Finance Co. reported a net profit of SAR 76.5 million for 9M 2020, a 59% year-on-year (YoY) increase.
5) Saudi Arabia Refineries Co. (SARCO) reported a 21% YoY drop in net profit after Zakat and tax to SAR 6.4 million for 9M 2020.
6) The Company for Cooperative Insurance’s (Tawuniya) net profit before Zakat surged 81% YoY to SAR 409 million for 9M 2020.
7) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) reported a net profit before Zakat of SAR 42.9 million for 9M 2020.
8) Al-Etihad Cooperative Insurance Co. reported a net profit before Zakat and tax of SAR 80.8 million for 9M 2020, a 71% YoY increase.
9) Saudi Enaya Cooperative Insurance Co. (Saudi Enaya) narrowed net loss before Zakat by 71% YoY to SAR 22.1 million for 9M 2020.
10) Brent crude on Tuesday declined 2 cents to reach $38.95 per barrel while WTI crude increased 4 cents to reach $36.85/bbl.
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