Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 246.60 million in Q1 2020, a rise of 5.3% year-on-year (YoY).
2) Raydan Food Co. reported a net loss after Zakat and tax of SAR 4.8 million for the fiscal year 2019, compared to a net profit of SAR 14.7 million a year earlier.
3) Al-Baha Investment and Development Co. narrowed net losses after Zakat and tax by 50.69% YoY to SAR 5 million for fiscal year ending Dec. 31, 2019.
4) Nomu-listed Al-Omran Industrial Trading Co. withdrew its request to transition to the main market (Tadawul).
5) Filling and Packing Materials Manufacturing Co. (FIPCO) completed the acquisition of Eirad Investment Co.’s 20% stake in its subsidiary, FPC Industries Co.
6) Riyad Bank is planning to fully redeem its SAR 4 billion, subordinated (Tier 2) sukuk on June 24, 2020 at face value.
7) Fawaz Abdulaziz Alhokair Co. and Arabian Centres Company (ACC) will partially reopen all retail outlets in Saudi Arabia.
8) Brent crude on Tuesday declined 81 cents to reach $19.18 per barrel. WTI Crude also decreased $1.64 to reach $11.14/bbl.
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