The Tadawul All Share Index gained 0.7 percent to 6,766.89, the highest since May 10, as of 12:08 p.m. in Riyadh.
The following stocks rose or fell in Saudi Arabia’s market.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) rose as much as 0.9 percent to 54.25 riyals. 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.
Bank Albilad (ALBI AB) advanced as much as 0.8 percent to 20 riyals, the highest since Oct. 9. 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.
Banque Saudi Fransi (BSFR AB) climbed as much as 3.6 percent, the most since Oct. 23, to 46.5 riyals. The Saudi lender part-owned by Credit Agricole SA said fourth-quarter profit doubled to 709 million riyals as loans and customer deposits increased.
Al Jouf Agricultural Development Co. (JADCO AB) fell as much as 0.8 percent, the most since Dec. 18, to 38.7 riyals. The Saudi producer of agricultural products said fourth-quarter profit rose 14 percent to 23.7 million riyals from 20.8 million riyals a year earlier.
Riyad Bank (RIBL AB) rose 1.1 percent to 26.9 riyals. Saudi Arabia’s third-largest lender by market value said fourth- quarter profit dropped 16 percent to 764 million riyals.
Saudi Hollandi Bank (AAAL AB) surged as much as 8.6 percent, the most since March 2009, to 32.7 riyals. 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.
Tabuk Cement Co. (TACCO AB) declined as much as 0.5 percent to 18.6 riyals. The Saudi clinker maker said fourth-quarter profit declined 7 percent to 23.8 million riyals from 25.6 million riyals as sales fell in the period.
Saudi Industrial Investment Group (SIIG AB) rose as much as 1.1 percent to 22.55 riyals. The Saudi investor in petrochemicals reported a fourth-quarter profit of 3.7 million riyals from a loss of 2.2 million riyals a year earlier.
Yanbu Cement Co. (YNCCO AB) rose as much as 0.9 percent to 45.7 riyals. The Saudi Arabian cement maker said fourth-quarter profit rose 22 percent to 99.5 million riyals.
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