10 things to watch on Tadawul today

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

1) Saudi Arabian Mining Co. (Maaden) widened net loss after Zakat and tax by 68.7% year-on-year (YoY) to SAR 780.9 million for the first nine months of 2020.

2) Saudi Advanced Industries Co. (SAIC) reported a net profit after Zakat and tax of SAR 20.6 million for 9M 2020, a 36% YoY drop.

3) Al Abdullatif Industrial Investment Co. posted a net loss after Zakat and tax of SAR 32.9 million for 9M 2020.

4) Arabia Insurance Cooperative Co. swung to net profit before Zakat of SAR 10.1 million for 9M 2020.

5) Ataa Educational Co. signed a 35-year agreement with Tatweer Buildings Co. to lease an 11,557 sqm educational complex in Riyadh at an annual rent of SAR 2.85 million, totaling SAR 98.36 million.

6) Banque Saudi Fransi (BSF) completed the issuance of SAR-denominated additional Tier 1 Sukuk at SAR 5 billion.

7) National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 75.3 million for 9M 2020, an increase of 25%.

8) Al Alamiya for Cooperative Insurance Co. reported a net profit before Zakat of SAR 10 million for 9M 2020, a decline of 51% YoY.

9) Baazeem Trading Co.’s net profit after Zakat and tax rose 32% YoY to SAR 20.4 million for 9M 2020.

10) Brent crude on Thursday declined 71 cents to reach $40.52 per barrel. WTI crude also decreased 67 cents to reach $38.48/bbl.