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Al Jouf, Saudi Cement, Sipchem, Spimaco: 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 (SASEIDX) advanced 0.2 percent, the most since April 9, to 6,604.16.

Abdullah Al-Khodari Sons Co. (ALKHODAR AB): The Saudi Arabian general contractor won a contract valued at 66.2 million riyals ($17.7 million) from the Ministry of Municipal and Rural Affairs to develop a crossroads in Asir province bordering Yemen. The shares rose 0.4 percent to 64 riyals.

Al Jouf (JADCO) Agricultural Development Co. (JADCO AB): The Saudi Arabian producer of olive oil and dairy products said first- quarter net income dropped to 6 million riyals ($1.6 million) from 7.15 million riyals a year earlier. The shares dropped 2.2 percent to 26.2 riyals.

Kingdom Holding Co. (KINGDOM) : The investment company controlled by billionaire Prince Alwaleed bin Talal said it hasn’t give up a contested 100,000 feddans (103,800 acres) of land it owns at Toshka in southern Egypt and that it will seek a settlement, not a waiver, with the Egyptian government. The shares were unchanged at 9.1 riyals.

Halwani Brothers Co. (HB AB): The Saudi food processing company said first-quarter profit rose to 21.7 million riyals from 21 million riyals the year earlier. The shares slipped 0.3 percent to 33.1 riyals.

National Shipping Co. (NSCSA AB): The Saudi operator of crude oil and chemical tankers said it received a chemicals tanker from South Korea’s SLS Shipbuilding Co. The shares retreated 1.3 percent to 14.90 riyals.

Saudi Arabian Amiantit Co. (SAAC) : the producer of building materials said its first-quarter profit fell 31 percent to 34.3 million Saudi riyals. The shares rose 1.2 percent to 17.45 riyals.

Saudi Cement (SACCO) Co: Saudi Arabia’s second-biggest cement producer by market value said first-quarter profit rose 19 percent to 210.8 million riyals as domestic demand grew. The shares rose 0.9 percent to 53.75 riyals.

Saudi International Petrochemical Co. (SIPCHEM) : The company also known as Sipchem said first-quarter profit rose to 121 million riyals from 81 million riyals in the year-earlier period. The shares were unchanged at 23 riyals.

Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO AB): The company known as Spimaco said first-quarter profit rose to 45.7 million riyals from 45.3 million riyals the year earlier. The shares were unchanged at 40.8 riyals.

Yanbu Cement (YNCCO) Co: The Saudi Arabian cement maker said its first-quarter profit fell 18 percent to 101.1 million riyals due to lower sales and a furnace stoppage for maintenance. The shares dropped 1.4 percent to 43.9 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: Claudia Maedler at cmaedler@bloomberg.net; Shaji Mathew at shajimathew@bloomberg.net

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