Here are a few things you need to know as Saudi stocks start trading on Monday.
- Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for fiscal year 2020.
- Saudi Industrial Investment Group (SIIG) reported net profit after Zakat and tax of SR 92 million for FY2020, plunging 85 percent year-on-year (YoY).
- United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and Tax of SR 62.1 million for FY2020, an increase of 181 percent YoY.
- Yanbu Cement Co.’s board of directors recommended 5 percent capital cut to SR 1 billion from SR 1.575 billion through writing off shares, as the company had excess capital.