9 things to watch on Tadawul today

23/04/2020 Argaam Special

 

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

 

1) National Shipping Company of Saudi Arabia’s (Bahri) net profit after Zakat and tax surged 134% year-on-year (YoY) to SAR 419.2 million in the first quarter of 2020.

 

2) Umm Al-Qura Cement Co. reported a 79.15% jump YoY in net profit after Zakat and tax to SAR 38.5 million in Q1 2020.

 

3) Najran Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 40 million in Q1 2020.

 

4) Shareholders of Saudi Basic Industries Corp. (SABIC) approved a 22% cash dividend for H2 2019, at SAR 2.20 per share, totaling SAR 6.6 billion.

 

5) Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 17.2 million for Q1 2020, a rise of 46% YoY.

 

6) Yamama Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 124 million for Q1 2020, a rise of 76% YoY.

 

7) Saudi Industrial Services Co. (SISCO) will pay, on April 28, a cash dividend at 6% of capital, or SAR 0.60 a share, totaling SAR 48.9 million for FY2019.

 

8) MEFIC REIT Fund terminated the lease contract with Tihama Advertising & Public Relations Co. (Tihama) for the its administrative tower in Al Hamra district in Jeddah.

 

9) Brent crude on Thursday gained 81 cents to reach $21.18 per barrel. WTI Crude also increased 73 cents to reach $14.51/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.