Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Aramco signed a deal with a consortium, led by EIG Global Energy Partners (EIG), to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network.
2) Saudi Chemical Co.'s board of directors recommended a 5% cash dividend at SAR 0.5 per share, for 2020.
3) National Company for Learning and Education (NCLE) reported net profit after Zakat and tax of SAR 8.4 million for H1 2020-21 ending Feb. 28, 2021, a decline of 67% year-on-year (YoY).
4) Alinma Bank’s shareholders approved the board’s recommendation on distributing a 3% cash dividend, or SAR 0.30 per share after deducting Zakat, for 2020.
5) Saudi Cement Co.’s shareholders approved the board recommendation on paying cash dividend at 20%, or SAR 2 per share for H2 2020.
6) Abdullah Saad Mohammed Abu Moati for Bookstores Co. (Abo Moati) renewed the Shariah-compliant credit facilities agreement with Samba Financial Group for a total of SAR 45 million.
7) National Building and Marketing Co.’s wholly-owned subsidiary, Ajeej Steel Manufacturing Co. Ltd, purchased an 82 MW fuel-powered electricity generation plant from Saudi Electricity Co. (SEC) for SAR 10 million.
8) Brent crude on Friday declined 25 cents to reach $62.95 per barrel. WTI crude also decreased 28 cents to reach $59.23/bbl.