Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Yanbu National Petrochemical Co. (Yansab) reported a net profit of SAR 2.4 billion for fiscal year 2018, up by 1.6 percent year-on-year (YoY) due to higher selling prices and lower cost of finance.
2) Saudi Arabian Mining Co.’s (Maaden) board of directors has recommended withholding cash dividend for the fiscal year 2018.
3) Nama Chemicals Co. has received a letter from some major shareholders asking to withdraw the board sacking request earlier submitted by them.
4) Saudi Arabia's Communications and Information Technology Commission (CITC) approved the update of Saudi Telecommunications Co.'s (STC) Reference Interconnection Offer (RIO).
5) Saudi Arabia will continue its fiscal reforms to boost economy, after cutting deficit to 5 percent of gross domestic product (GDP) down from 9 percent, Minister of Finance Mohammed Al-Jadaan said on the sidelines of World Economic Forum in Davos.
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