Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Almarai Co.’s subsidiary, Western Bakeries Co. LLC, completed the acquisition of an additional 15% stake in Modern Food Industries LLC for SAR 150 million.
2) BinDawood Superstores Co., a subsidiary of BinDawood Holding Co., is planning to open 10 branches in Riyadh between 2022 and 2027.
3) BinDawood Holding Co. reported a 50.8% year-on-year (YoY) decline in net profit after Zakat and tax to SAR 62.1 million for Q1 2021.
4) Saudi Ground Services Co. (SGS) narrowed net loss after Zakat and tax to SAR 16.7 million in Q1 2021, from a net loss of SAR 51.5 million in the same period last year.
5) Ash-Sharqiyah Development Co. narrowed its net loss after Zakat and tax to SAR 314,000 in Q1 2021, from SAR 510,000 in the year-earlier period.
6) The Company for Cooperative Insurance’s (Tawuniya) net profit before Zakat slipped 12% YoY to SAR 58.8 million for Q1 2021.
7) Alandalus Property Co. reported net profit after Zakat and tax of SAR 19 million in Q1 2021, up 55% YoY.
8) Anaam International Holding Group reported net loss after Zakat and tax of SAR 2.7 million for Q1 2021, compared to net loss of SAR 500,000 in prior-year period.
9) Red Sea International Co. widened Q1 2021 net losses to SAR 32.7 million, from SAR 25.1 million in the year-earlier period.
10) Brent crude was trading up 0.39 cents at $68.67 per barrel. WTI crude also fell 0.33 cents to $65.23/bbl.
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