Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Industrial Exports Co. (SIECO) said its rights issue was 87.8 percent subscribed, as investors pumped SAR 47.41 million into 4.74 million shares
2) Leejam Sports Co.’s board of directors has recommended a 9.6 percent cash dividend for the second and third quarters of 2018, at SAR 0.96 per share, amounting to SAR 50.23 million.
3) Saudi Industrial Investment Group’s (SIIG) board of directors has recommended a 7.5 percent cash dividend for the second half of 2018, at SAR 0.75 per share, amounting to SAR 337.5 million.
4) Saudi Research and Marketing Group (SRMG) reported a net profit of SAR 134.7 million in the first nine months of 2018, more than doubled year-on-year (YoY).
5) Mouwasat Medical Services Co. reported a net profit after zakat and tax of SAR 274.8 million for the first nine months of 2018, a 15.4 percent year-on-year (YoY) increase.
6) The National Company for Learning and Education (NCLE) closed the retail subscription for its initial public offering (IPO) on Oct.28.
7) Southern Province Cement Co. reported a net profit of SAR 143 million in the first nine months of 2018, a 44.35 percent year-on-year (YoY) slump attributed to lower sales volumes.
8) Assets held by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, decreased by SAR 9.9 billion month-on-month to SAR 1.94 trillion in September.
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