Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi Arabian Amiantit Co.'s net losses after zakat and tax saw an over twofold increase to SAR 230.3 million for fiscal year 2018.
2) Arabian Pipes Co.’s board of directors recommended offsetting accumulated losses by transferring SAR 70.8 million from the company’s reserves.
3) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expects financial statements of Q4 2018 to be delayed.
4) Anaam International Holding Group Co. reported a net loss of SAR 15 million for the fiscal year 2018 from a loss of SAR 27.8 million in the previous year.
5) Saudi Ceramic Co. has obtained a SAR 120 million credit facility from International Islamic Trade Finance Corporation to support exports.
6) Saudi Paper Manufacturing Co. (SPM) reported a net loss of SAR 114.9 million for the fiscal year 2018 from a loss of SAR 47.98 million for the year before due to the increase in raw materials prices, the drop in production quantity in spite of the increase in revenue.
7) Swicorp Wabel REIT Fund reported a net loss of SAR 57.9 million for fiscal year 2018, the fund manager said in a bourse statement on Sunday.
8) Alujain Corp. expects financial statements of Q4 2018 to be delayed, the insurer said in a bourse statement on Sunday.
9) The Banque Saudi Fransi (BSF) disclosed its intention of early redemption of its SAR 2 billion Tier 2 Sukuk on June 18, 2019, in full, at face value.
10) Brent crude on Monday gained 54 cents to reach $68.12/bbl, while WTI crude rose 36 cents to $60.50/bbl.
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