Here are a few things you need to know as Saudi stocks start trading on Monday.

 

1) Alinma Bank reported a net profit of SAR 2.53 billion for the fiscal year (FY) 2019, down 11.27% year-on-year (YoY), compared to SAR 2.85 billion in the same period last year.

 

2) Samba Financial Group reported a net profit after zakat and tax of SAR 3.9 billion for FY2019, a rise of 30.4% YoY.

 

3) The Saudi Stock Exchange (Tadawul) maintained the trading halt placed on Etihad Atheeb Telecommunication Co.’s (GO) shares, due to the company's failure to disclose its financial statements on time.

 

4) Hail Cement Co. posted a net profit after Zakat and tax of SAR 59.657 million for FY2019, compared to a net loss of SAR 25.029 million a year earlier.

 

5) Qassim Cement Co. reported a net profit after zakat and tax of SAR 360.7 million for FY2019, an over twofold rise YoY.

 

6) Arabian Pipes Company (APC) secured a SAR 160 million contract to supply longitudinal submerged arc welding (LSAW) steel pipes to Saudi Aramco.

 

7) Saudi Cable Co. approved the decision of the Zakat & tax violations committee at the General Authority of Zakat & Tax (GAZT), to settle claims from 2005 until the end of 2012 worth SAR 65.8 million.

 

8) Ataa Educational Co. extended the memorandum of understanding (MoU) with Al-Falah Co. (LLC) related to the acquisition of Riyadh-based Al-Falah Schools for 30 days.

 

9) National Company for Learning & Education (NCLE) appointed Mohammed Ibrahim Al Khudair as a non-executive board member effective from Jan. 30, 2020 until Feb. 27, 2021.

 

10) Brent crude on Monday declined 45 cents to reach $56.17 per barrel whereas WTI Crude also decreased 16 cents to reach $51.40/bbl.

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