Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Maharah Human Resources Co. reported a net profit after zakat and tax of SAR 54 million for the first quarter of 2019, a 12.5 percent year-on-year (YoY) increase on higher revenue and gross profit.
2) Jarir Marketing Co. has inked a lease agreement with Sehat Al-Sharq Medical Co. Ltd at a total value of SAR 8 million per annum.
3) The third phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index started on June 24, based on closing prices of June 20, 2019, with an inclusion factor of 25 percent.
4) The Securities Depository Center (Edaa) announced the implementation of the securities quantity increase for Al-Etihad Cooperative Insurance Co, according to the Tadawul filing.
5) Al Gassim Investment Holding Co. (QACO) on June 23 signed a non-binding memorandum of understanding (MoU) to buy a 67.1 percent stake in Advanced Bakeries Ltd.
6) Arriyadh Development Co. (ARDCO) and Sumou Holding Company have set up Tanal for Real Estate Investment and Development LLC with SAR 100,000 in capital.
7) Tourism Enterprise Co. (Shams) on June 23 acquired a 53 percent stake in Hemaia Group, the company said in a bourse statement on Monday.
8) Saudi Basic Industries Corp (SABIC) has obtained the regulatory approvals required for extending partnership with Japan Saudi Arabia Methanol Co. (JSMC) Inc. in Saudi Methanol Company (Ar-Razi) for 20 years.
9) Brent crude on Tuesday dropped 38 cents to reach $64.48/bbl, while WTI crude also declined 47 cents to reach $57.43/bbl.
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