9 things to watch on Tadawul today

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

1) United Wire Factories Co. (Aslak) reported a net profit after Zakat and tax of SAR 27 million for the first half of 2020, a 70% year-on-year (YoY) rise.

2) Aldrees Petroleum and Transport Services Co. (Aldrees) reported a net profit after Zakat and tax of SAR 44.7 million for H1 2020, ending June 30, a 5% YoY decrease.

3) Sumou Real Estate Co. reported a net profit after Zakat and tax of SAR 36 million for H1 2020, a 19% YoY increase.

4) Al-Omran Industrial Trading Co. started trading on July 21 on the Saudi Stock Exchange (Tadawul) under the symbol 4141 in the capital goods group, with a 10% daily price fluctuation limit per share.

5) Derayah REIT Fund signed an agreement worth SAR 140 million to acquire a multi-use logistics complex, located in Sulay district in Riyadh.

6) Alujain Holding Corp. expects to issue financial statements for FY2019, Q1 2020, and Q2 2020 within the next few weeks.

7) SABB Takaful Co.’s board of directors appointed Faris Alshareef and Maha Al-Sudairi as non-executive board members, representing Saudi British Bank (SABB).

8) Al-Samaani Factory for Metal Industries Co. (Al-Samaani) sold 50 fractional shares on July 8, 2020, at SAR 74.40 per share for a total of SAR 3,720.

9) Brent crude on Wednesday declined 17 cents to reach $44.15 per barrel whereas WTI Crude increased $1.15 to reach $41.96/bbl.