Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Saudi Arabia has reported budget deficit of SAR 48.98 billion in the first nine months of 2018, revenues stood at SAR 663.11 billion while expenses reached SAR 712.09 billion.
2) The National Company for Learning and Education's (NCLE) retail offering, which closed on Oct. 28, was 327 percent oversubscribed.
3) Shares of Aldrees Petroleum and Transport Services Co. hit their highest level in 52 weeks on Wednesday.
4) Bank Aljazira’s net profit for the first nine months of 2018 rose 13.6 percent year-on-year to SAR 753.8 million thanks to higher operating income.
5) Middle East Paper Company (MEPCO) reported a net profit after zakat and tax of SAR 87.2 million for the first nine months of 2018, more than double year-on-year (YoY).
6) Banque Misr has sold its two percent stake in Saudi Arabia's Samba Financial Group for about $370 million, said Akef El-Maghraby, the bank’s vice chairman.
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