Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 226 million for the first quarter of 2021, a rise of 74% year-on-year (YoY).
2) Yanbu National Petrochemical Co. (Yansab) reported a net profit after Zakat and tax of SAR 420.3 million for Q1 2021.
3) Saudi Kayan Petrochemical Co. (Saudi Kayan) restarted operations at olefins plant on April 15, 2021, after the completion of scheduled maintenance work.
4) Ayyan Investment Co. inked a share purchase agreement with a number of shareholders to buy non-controlling stakes in Al-Ahsa Medical Services Co. via share swap.
5) Electrical Industries Co. (EIC) signed an agreement to purchase the assets of CG Power Belgium (under liquidation) with the liquidator for a total of EUR 5.04 million (SAR 22.7 million).
6) Middle East Specialized Cables Co. (MESC) collected all dues from Al Mousa Foundation, a major client, as per the agreed schedule.
7) National Agricultural Marketing Co. (Thimar) said that the preliminary court ruling issued in its favor in November 2020, amounting to SAR 22.41 million, against an investor acquired final status.
8) Brent crude on Monday declined 28 cents to reach $66.49 per barrel. WTI crude also decreased 20 cents to reach $62.93/bbl.
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