Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) The Saudi Communications and Information Technology Commission (CITC) has imposed fines of over SAR 38 million on STC, Mobily and Zain Saudi.
2) National Industrialization Co. (Tasnee) said the US Federal Trade Commission has approved Tronox Limited’s purchase of Cristal’s TiO2 business.
3) Aramco Trading, the trading subsidiary of Saudi Aramco, on Thursday signed crude supply pact with Polish refiner.
4) Leejam Sports Co., which owns and runs Fitness Time Gyms, is planning to open new centers in Saudi Arabia and the UAE this year.
5) Qassim Cement Co. is projected to report a net profit of SAR 52.7 million for Q1 2019, a fall of 7.8 percent year-on-year (YoY), according to research estimates compiled by Argaam.
6) Alandalus Property Co. expects to launch its new hospital in western Jeddah Q1 2022.
7) Yamama Cement Co. is forecast to post a 20 percent year-on-year drop in Q1 2019 net profit to SAR 19 million, according to average research estimates compiled by Argaam.
8) United Electronics Co.’s (eXtra) Q4 results exceed estimates, says NCB Cap.
9) Brent crude on Saturday gained 72 cents to reach $71.55/bbl, while WTI crude also edged up 31 cents to $63.89/bbl.
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