Shaker of Saudi Arabia Advances 4.6 Percent on First Trading Day in Riyadh

Al-Hassan Ghazi Ibrahim Shaker Co., a Saudi Arabian cooling systems and home appliances manufacturer, gained 4.6 percent on its first trading day in Riyadh.

The shares climbed to 51.25 riyals at 11:58 a.m. in the kingdom’s capital. The company raised 514.5 million riyals ($137 million) by selling shares at 49 riyals to the public.

To contact the reporter on this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net

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