Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Saudi Airlines Catering Co. turned to a net loss after Zakat and tax of SAR 334.7 million in 2020.
2) Riyad REIT Fund distributed 2.63% cash dividend to unit holders for H2 2020, at SAR 0.25 per unit, amounting to SAR 42.92 million.
3) Saudi Re for Cooperative Reinsurance Co. reported a net profit before Zakat of SAR 60.7 million for 2020, up 2% year-on-year (YoY).
4) Arabia Insurance Cooperative Co. (AICC) turned to a net profit before Zakat of SAR 12.3 million in 2020.
5) Takween Advanced Industries Co. narrowed net losses after Zakat and tax of SAR 6 million in 2020.
6) The Saudi Stock Exchange (Tadawul) delisted Saudi government issued debt instrument (Tadawul code: 5241), worth SAR 10 million, due to maturity.
7) Al Rajhi REIT Fund reported a 78% slump YoY in 2020 net profit to SAR 12.5 million (SAR 0.08/unit).
8) National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 97.3 million for 2020, an increase of 21% YoY.
9) Jazan Energy and Development Co. (JAZADCO) signed a loan agreement worth SAR 20.9 million with Agricultural Development Fund (ADF).
10) Brent crude on Tuesday declined 67 cents to reach $63.95 per barrel while WTI crude increased 13 cents to reach $61.55/bbl.
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