Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Saudi Research and Marketing Group (SRMG) reported a net profit after Zakat and tax of SAR 245.6 million in 2020.
2) Nama Chemicals Co. swung to a net loss after Zakat and tax of SAR 45.2 million for 2020.
3) The Saudi Stock Exchange (Tadawul) announced updating the free float shares for all listed issuers in the market, effective as of Sunday, April 4, 2021.
4) Samba Financial Group announced that the creditor objection period in relation to merger with National Commercial Bank (NCB) will end on March 31, 2021.
5) Yamama Cement Co.’s shareholders approved, during the ordinary general assembly meeting (OGM) held on March 28, 2021, delegating the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.
6) BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 447.7 million in 2020, up 7% year-on-year (YoY).
7) National Agricultural Development Co. (NADEC) announced that the construction works on the 30 megawatts (MW) solar energy project in Haradh is 75% complete.
8) Arabian Pipes Co. announced that it found financial differences in the inventory balances amounting to SAR 210.17 million, starting from previous annual financial statements since the company was established and until the end of 2020.
9) Brent crude on Tuesday gained 22 cents to reach $65.20 per barrel. WTI crude also increased 17 cents to reach $61.73/bbl.
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