Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Kingdom Holding Co. posted a net loss after Zakat and tax of SAR 1.369 billion in the first nine months of 2020.
2) National Agricultural Development Co. (NADEC) posted a net profit after Zakat and tax of SAR 104.9 million for 9M 2020.
3) Red Sea International Co. widened its net loss after Zakat and tax to SAR 97.3 million for 9M 2020.
4) MSCI Inc, the provider of research-based indexes and analytics, added six Saudi companies to its index in its semi-annual review.
5) Fitaihi Holding Group reported a net profit after Zakat and tax of SAR 18.8 million for 9M 2020, a 24% year-on-year (YoY) increase.
6) Al Gassim Investment Holding Co. (GACO) reported a net profit after Zakat and tax of SAR 1.7 million for 9M 2020, an 89% YoY slide.
7) Saudi Vitrified Clay Pipes Co.’s (SVCP) board of directors recommended a 10% cash dividend for H1 2020, at SAR 1 a share.
8) Tihama Advertising and Public Relations Co. reported net loss after Zakat and tax of SAR 20.6 million for the six months ending Sept. 30, 2020.
9) Tourism Enterprise Co. (Shams) turned to a net loss after Zakat and tax of SAR 6.2 million for 9M 2020.
10) Brent crude on Thursday gained 8 cents to reach $43.88 per barrel. WTI crude also increased 11 cents to reach $41.56/bbl.
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