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.
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.
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