Banque Saudi, Halwani Brothers and Yanbu: Saudi 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 gained 0.2 percent to 6,717.18 on Jan. 12.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The board of the Saudi Arabian contractor recommended paying a dividend of 1 riyal a share, or 42.5 million riyals ($11.3 million), for the second half of the year. The shares rose 1 percent to 53.75 riyals.

Bank Albilad (ALBI AB): The second-smallest Saudi lender by market value said fourth-quarter net amounted to 4.5 million riyals after a loss of 299.5 million riyals a year earlier. The shares rose 1.3 percent to 19.85 riyals.

Banque Saudi Fransi (BSFR AB): The Saudi lender part-owned by Credit Agricole SA said fourth-quarter profit doubled to 709 million riyals as loans and customer deposits increased. The shares were unchanged at 44.9 riyals.

Halwani Brothers Co. (HB AB): The Saudi food processing company said fourth-quarter profit rose to 17.4 million riyals from 8.3 million riyals. The shares climbed 0.2 percent to 42.1 riyals.

Al Jouf Agricultural Development Co. (JADCO AB): The Saudi producer of agricultural products said fourth-Quarter profit rose 14 percent to 23.7 million riyals from 20.8 million a year earlier. The shares dropped 0.8 percent to 39 riyals.

Riyad Bank (RIBL AB): Saudi Arabia’s third-largest lender by market value said fourth-quarter profit dropped 16 percent to 764 million riyals. The shares were unchanged at 26.6 riyals.

Saudi Hollandi Bank (AAAL AB): The bank partly owned by ABN Amro Bank NV reported a fourth-quarter profit of 224.6 million riyals from a loss of 439.4 million riyals in the year-earlier period. The shares climbed 0.3 percent to 30.1 riyals.

Saudi Industrial Investment Group (SIIG AB): The Saudi investor in petrochemicals reported a fourth-quarter profit of 3.7 million riyals from a loss of 2.2 million a year earlier. The shares advanced 0.2 percent to 22.30 riyals.

Yanbu Cement Co. (YNCCO AB): The Saudi Arabian cement maker said fourth-quarter profit rose 22 percent to 99.5 million riyals. The shares retreated 0.7 percent to 45.3 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net; Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net; Claudia Maedler at cmaedler@bloomberg.net

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