Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 90.4 in 2020, a 19% year-on-year (YoY) increase.
2) Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 1.055 billion in 2020, a rise of 21% YoY.
3) Mediterranean and Gulf Insurance and Reinsurance Co.’s (MEDGULF) board of directors appointed Goetz Kuras as chief executive officer.
4) Mobile Telecommunication Company Saudi Arabia (Zain KSA) reported a net profit after Zakat and tax of SAR 260 million in 2020, a fall of 46% YoY.
5) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 783 million for 2020.
6) Riyad Bank posted a net profit of SAR 4.715 billion in 2020, down 16% YoY.
7) HMG’s board of directors recommended distributing a 6% cash dividend, at SAR 0.6 per share, for the fourth quarter of 2020.
8) Bupa Arabia for Cooperative Insurance Co. reached a final settlement agreement with the General Authority for Zakat and Tax (GAZT), concerning Zakat and income and withholding tax claims for the years 2008-2016 and 2018, at a total value of SAR 120.12 million.
9) Brent crude on Monday gained 64 cents to reach $63.55 per barrel. WTI crude also increased 51 cents to reach $59.75/bbl.
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