Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Alawwal Bank reported a net profit of SAR 1.13 billion for fiscal year 2018, down by 15.4 percent year-on-year due to a 4 percent drop in gross operating income.
2) Saudi Airlines Catering Co. has signed a contract with Saudi Arabian Airlines to design, build and operate Alfursan International lounge at Jeddah’s new King Abdulaziz International Airport.
3) Fawaz Abdulaziz Alhokair Co.'s net profit of SAR 27 million for Q3 Financial Year 2019 exceeded Al Rajhi Capital's estimates of a net loss of SAR 18 million.
4) Saudi Aramco’s trading arm, Aramco Trading Company has signed a deal with Egypt’s SUMED to provide 222,000 cubic metres of gas oil storage capacity in Sidi Kerir.
5) Saud Qahtani Auction Co. has set the price range for its upcoming initial public offering (IPO) between SAR 68 and SAR 78 per share.
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