Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Sahara International Petrochemical Co. (Sipchem) reported a net profit after Zakat and tax of SAR 175.9 million in 2020, down 41% year-on-year (YoY).
2) Astra Industrial Group reported a net profit after Zakat and tax of SAR 115.4 million in 2020.
3) National Medical Care Co. (Care) signed an agreement with Tabrak Najed Contracting Co. to renovate Riyadh Care Hospital at the total value of SAR 32.4 million.
4) Saudi Fisheries Co. (Alasmak) widened net loss after Zakat and tax by 36.9% to SAR 45.2 million in 2020.
5) Tihama Advertising Public Relations and Marketing Co. completed the procedures to acquire an additional 35% stake in Integrated Production Co. for Audiovisual Media Production at a total value of SAR 7.25 million.
6) Al Alamiya for Cooperative Insurance Co. reported a net profit before Zakat of SAR 1.5 million for 2020, a 94% decline YoY.
7) Arriyadh Development Co.’s (ARDCO) board of directors recommended a 6.5% cash dividend for the second half of 2020, at SAR 0.65 per share, amounting to SAR 115.56 million.
8) Leejam Sports Co. (Fitness Time) received a notification from Hamad bin Ali Al-Saqri, one of the company's founders and a major shareholder, on transfer ownership of 4.9 million shares to several family members.
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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