10 things to watch on Tadawul today

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

1) Saudi Arabia reported budget deficit of SAR 109.23 billion in Q2 2020, with actual revenue at SAR 133.94 billion and expenditure at SAR 243.18 billion, the finance ministry said.

2) Saudi Electricity Co. (SEC), the Kingdom's utility provider, widened net losses after Zakat and tax to SAR 3.310 billion in H1 2020, from SAR 700 million in the same period last year.

3) Rabigh Refining and Petrochemical Company (Petro Rabigh) incurred net losses of SAR 3.232 billion for H1 2020, compared to net losses of SAR 52 million in year-earlier period.

4) Saudi Industrial Development Co. (SIDC) reported net loss after Zakat and tax of SAR 5.7 million for H1 2020, versus net profit of SAR 1.3 million in prior-year period, driven by non-operating losses.

5) The National Company for Glass Industries (ZOUJAJ) reported a net loss after Zakat and tax of SAR 7.8 million for H1 2020, compared to a net profit of SAR 3.2 million a year earlier.

6) Zamil Industrial Investment Co. reported a net loss after Zakat and tax of SAR 87.13 million for the first half of 2020, from a loss of SAR 96.71 million for the same period a year earlier.

7) Amlak International for Real Estate Finance Co. reported a net profit of SAR 53.3 million for the first half of 2020, an increase of 129% year-on-year (YoY).

8) Eastern Province Cement Co. reported a net profit after Zakat and tax of SAR 116 million in the first half of 2020.

9) Umm Al-Qura Cement Co. (UACC) reported a net profit after Zakat and tax of SAR 59.488 million for the first half of 2020, an increase of 76.09% YoY.

10) Brent crude slipped 16 cents to reach $44.27 per barrel, while WTI crude dropped 17 cents to $41.53/bbl on Wednesday morning.