Ajman Bank and Galfar Engineering: Gulf Equity Preview

The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

Dubai’s DFM General Index gained 0.5 percent, while Abu Dhabi’s ADX General Index was little changed. Saudi Arabia’s Tadawul All Share Index rose 0.1 percent.

Ajman Bank PSJC (AJMANBAN UH): The United Arab Emirates- based Islamic bank agreed to a strategic partnership with Noor Takaful to distribute the insurer’s products. Separately, the company signed a pact with Ajman Real Estate Regulatory Agency to offer real estate financing. The shares were unchanged at 86 fils.

Galfar Engineering & Contracting SAOG (GECS OM): The Omani construction company signed a 35.3 million rials ($91.7 million) contract with Oman’s Ministry of Transport and Communications, the Oman News Agency reported. The shares advanced 1.7 percent to 0.554 rial.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net

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