10 things to watch on Tadawul today

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

1) Saudi Investment Bank (SAIB) reported a net profit of SAR 714.4 million for the first nine months of 2020.

2) Qassim Cement Co. reported a net profit after Zakat and tax of SAR 306.8 million for 9M 2020, a 42% year-on-year (YoY) increase.

3) Seera Group Holding reported a net profit after Zakat and tax of SAR 766 million for 9M 2020.

4) Arabian Shield Cooperative Insurance Co. reported a net profit before Zakat of SAR 33.4 million for 9M 2020.

5) Saudi Company for Hardware’s (SACO) net profit after Zakat and tax rose 10% YoY to SAR 61.3 million for 9M 2020.

6) Bank Aljazira reported a net profit of SAR 529 million for 9M 2020, a 29% YoY drop.

7) Riyad Bank reported a net profit of SAR 3.83 billion for 9M 2020, down 15% YoY.

8) Saudi Ground Services Co. (SGS) turned to a net loss after Zakat and tax of SAR 336.2 million for 9M 2020.

9) Leejam Sports Company (Fitness Time) reported net loss after Zakat and tax of SAR 58.2 million for 9M 2020.

10) Brent crude on Monday declined $1.24 to reach $36.70 per barrel. WTI crude also decreased $1.34 to reach $34.45/bbl.