Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Bank Albilad announced its intention to issue a domestic SAR-denominated Tier 2 sukuk for up to SAR 3 billion, by way of a private placement in Saudi Arabia.
2) BATIC Investment and Logistics Co. reported a net loss after Zakat and tax of SAR 12.9 million for 2020.
3) Theeb Rent a Car will start trading on the Saudi Stock Exchange (Tadawul) on Monday, March 29, with the symbol 4261 and ISIN Code SA159GK22IH4 with +/-30% daily price fluctuation limits.
4) Saudi Arabian Amiantit Co. widened its net loss after Zakat and tax to SAR 389.4 million for 2020.
5) Dur Hospitality Co. reported a net loss after Zakat and tax of SAR 49.5 million for 2020.
6) Methanol Chemicals Co. (Chemanol) widened net loss after Zakat and tax to SAR 276.1 million for 2020.
7) Middle East Specialized Cables Co. (MESC) turned to a net profit after Zakat and tax of SAR 2.1 million for 2020.
8) Brent crude on Friday gained $2.62 to reach $64.57 per barrel. WTI crude also increased $2.41 to reach $60.97/bbl.
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