9 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’s total revenue stood at SAR 192 billion, a decline of 22% year-on-year (YoY) in the first quarter of 2020.

2) Saudi Arabian Fertilizers Co. (SAFCO) reported a net profit after Zakat and tax of SAR 303.5 million for Q1 2020, a decline of 10% YoY.

3) Rabigh Refining and Petrochemical Co. (Petro Rabigh) swung to a net loss after Zakat and tax of SAR 1.797 billion for Q1 2020.

4) Filling & Packing Materials MFG. Co. (FIPCO) reported a net profit after Zakat and tax of SAR 4.2 million for Q1 2020.

5) Al Alamiya for Cooperative Insurance Co. (Al Alamiya) signed an insurance coverage agreement with Riyad Bank for 1 year.

6) Al Rajhi Bank, National Commercial Bank (NCB), Saudi British Bank (SABB), Riyad Bank, Bank Aljazira, Samba Financial Group, Alinma Bank, Saudi Investment Bank (SAIB), Bank Albilad, Banque Saudi Fransi and Arab National Bank (ANB) resumed operations at their branches and remittance centers in compliance with Saudi Arabian Monetary Authority’s (SAMA) directives.

7) Al Kathiri Holding Co. (Al Kathiri) resumed operations in its ready-mix concrete segment from today, while complying with the required precautionary measures.

8) Saudi Fransi Capital, the fund manager for Bonyan REIT Fund, will partially reopen its shopping malls in Saudi Arabia.

9) Brent crude on Wednesday gained 68 cents to reach $21.14 per barrel. WTI Crude also increased $1.30 to reach $13.64/bbl.