Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Bank Albilad reported a 17.8 percent increase year-on-year (YoY) in net profit to SAR 1.11 billion for fiscal year 2018, driven by a 15.4 percent rise in operating income.
2) Alinma Bank reported a net profit of SAR 2.52 billion for fiscal year 2018, a rise of 25.3 percent year-on-year (YoY) backed by higher operating, financing and investment income.
3) Qassim Cement Co. has appointed Tariq Mutlaq Al Mutlaq as a chairman of the board of directors, the company said in a bourse filing.
4) Fitaihi Holding Group has sold SAR 1.84 million worth of goods to the International Medical Center, in cash and without any special terms.
5) Shareholders of Amana Cooperative Insurance Co. approved the board's recommendation to increase capital by 71.43 percent to SAR 240 million through a SAR 100 million rights issue.
6) Saudi Steel Pipe Co. announced that it has been awarded a contract worth SAR 82 million by Saudi Aramco to supply oil and gas steel pipes.
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