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Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) National Shipping Company of Saudi Arabia (Bahri) reported a net profit after Zakat and tax of SAR 1.571 billion for the fiscal year 2020. 2) The ownership of the entire share capital in Refan Company for Operation & Maintenance Limited was transferred to National Company for Learning and Education (NCLE). 3) Arabian Centres Co.’s board of directors approved the receipt of all dues from FAS Holding Co. for Hotels (a related party) at a total of SAR 350.3 million as on Sept. 30, 2020. 4) The Capital Market Authority (CMA) approved Halwani Bros. Co.’s request for capital increase through bonus share distribution. ....
National Company for Learning and Education (NCLE) said in a bourse statement that the ownership of the entire share capital in Refan Company for Operation & Maintenance Limited was transferred to NCLE. Refan’s memorandum of association was also amended accordingly, NCLE added. This came as NCLE fulfilled all preconditions stated previously in the purchase agreement signed by ....