Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Alandalus Property Co. reported net profit after Zakat and tax of SAR 14.3 million in 2020, down 78% year-on-year (YoY).
2) Southern Province Cement Co. reported a net profit after Zakat and tax of SAR 609 million in 2020, up 32% YoY.
3) Arab National Bank’s board of directors recommended a 4% cash dividend for 2020, at SAR 0.40 per share after deducting Zakat, amounting to SAR 596.12 million.
4) Sahara International Petrochemical Co. (Sipchem) is planning to fully redeem its SAR 1 billion sukuk on April 18, 2021, at face value.
5) Bawan Co. reported net profit after Zakat and tax of SAR 90.2 million in 2020.
6) Saudi Investment Bank’s (SAIB) board of directors recommended a 4% cash dividend for 2020, at SAR 0.40 per share after deducting Zakat, amounting to SAR 270 million.
7) Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 13.4 million for 2020, down 22% YoY.
8) Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 26.3 million for 2020, up 27% YoY.
9) Brent crude on Friday gained $2.62 to reach $69.36 per barrel. WTI crude also increased $2.26 to reach $66.09/bbl.
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