Taiba Holding and Qassim Cement: Saudi Arabian Saturday Equity Preview

The following stocks may rise or fall in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close.

The Tadawul All Share Index dropped 0.3 percent to 6,343.47, the lowest level in more than a week.

Taiba Holding Co. (TIRECO AB): The Saudi real estate developer in Medina, said it won’t pay a second-quarter dividend because of a payment delay from the kingdom’s Ministry of Finance. The shares were unchanged at 16.55 riyals.

Qassim Cement Co. (QACCO AB): The board of the Saudi cement and clinker maker approved a dividend of 2.25 riyals per share for the first half of this year. The shares increased 1.1 percent to 70.25 riyals.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

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