Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Etihad Etisalat Co. (Mobily) reported a net profit after Zakat and tax of SAR 315 million for the first six months of 2020.
2) National Shipping Company of Saudi Arabia (Bahri) reported a net profit after Zakat and tax of SAR 1.179 billion for H1 2020, a rise of more than five-fold year-on-year (YoY).
3) Saudi Kayan Petrochemical Co. (Saudi Kayan) widened its net loss after Zakat and tax by 94.4% YoY to SAR 915 million for H1 2020.
4) Thob Al Aseel Co. posted a net profit after Zakat and tax of SAR 69.8 million for H1 2020, a rise of 8% YoY.
5) Raydan Food Co. signed a renewable five-year franchise agreement with Soul Advanced Limited in Al Baha.
6) United Electronics Co. (eXtra) reported an 18% rise YoY in net profit after Zakat and tax to SAR 125.2 million for H1 2020.
7) Thob Al Aseel Co.’s board of directors recommended a 10% cash dividend for H1 2020, at SAR 1.00 per share, amounting to SAR 30 million.
8) eXtra’s board of directors recommended a 10% cash dividend for H1 2020, at SAR 1 per share, amounting to SAR 60 million.
9) Brent crude on Tuesday gained 7 cents to reach $43.35 per barrel. WTI Crude also increased 4 cents to reach $40.85/bbl.
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