Here are a few things you need to know as Saudi stocks start trading on Monday.
United Electronics Co. (eXtra) reported an estimated net profit after Zakat and tax of SAR 280.3 million for fiscal year 2020, up 36% year-on-year (YoY).
Swicorp, the fund manager of Swicorp Wabel REIT Fund, announced that the availability period for the debt facility, amounting to SAR 1.4 billion, signed with National Commercial Bank (NCB) on June 26, 2019, has elapsed.
Saudi Automotive Services Co. (SASCO) signed a Shariah-complaint bank facility agreement, worth SAR 630 million, with Al Rajhi Bank.
Saudi Arabian Amiantit Co. fully settled its loans with Samba Financial Group, Bank Aljazira, Gulf International Bank, Al Baraka Islamic Bank (Bahrain), and Arab Banking Corporation (Bahrain).
The Saudi Council of Cooperative Health Insurance s (CCHI) board of directors approved a plan to support mergers and acquisitions (M&As) among the small and medium-sized healthcare services providers.
The plan, which was set in coordination with the Saudi Central Bank (SAMA), aims to enhance the competitive environment in line with a specified methodology.
This came during CCHI s board of directors meeting held Sunday via videoconferencing, under the chairmanship of the Minister of Health Tawfig Al-Rabiah
On the other hand, CCHI s board of directors nodded to implementing phase one of its UniPlat Program (Nafis) for the exchange of medical insurance transactions electronically, starting from January 1, 2021.