Investment Dar, Arriyadh Development: Gulf Equity Preview
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Arriyadh Development Co. (ADCO) : The Saudi Arabian property developer awarded a contract valued at 59.3 million riyals ($16 million) to a local company to build cooling and freezing warehouses in southern Riyadh. The shares declined 1.7 percent to 14.90 riyals.
Investment Dar Co. (TID KK): The Kuwaiti financial services company that owns half of Aston Martin Lagonda Ltd., said a Kuwaiti court allowed it to seek protection under the country’s Financial Stability Law, enabling it to implement a plan to restructure 1.37 billion dinars ($5 billion) of debt. The shares dropped 5.1 percent to 74 fils.
To contact the editors responsible for this story: Shaji Mathew at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.