8 things to watch on Tadawul today

28/04/2020 ِArgaam special

 

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.

 

3Al-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.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.