Saudi Arabia's Al-Baha Advances Most in Seven Months on Project Stake Buy

Al-Baha Development & Investment Co., the operator of industrial projects and developer of minerals found in the Al-Baha province of Saudi Arabia, rose the most in almost seven months after it bought a stake in a project.

The shares gained as much as 9.3 percent, the most since Jan. 9, to 13.50 riyals. They last traded at 13.10 riyals at 12:43 p.m. in Riyadh.

The company purchased a 50 percent stake in a project in Taef for 9 million riyals ($2.4 million).

To contact the reporters on this story: Zahraa Alkhalisi in Abu Dhabi at zalkhalisi@bloomberg.net

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