The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Commercial Bank of Dubai PSC (CBD) : The lender 20 percent-owned by Dubai’s government set terms on a $400 million loan, according to a person familiar with the deal. The bank agreed to pay initial interest of 175 basis points over the London interbank offered rate on the three-year term loan, said the person, who declined to be identified because the transaction is private. The shares rose 3.3 percent to 3.10 dirhams.
Saudi Real Estate Co. (SRECO) : The Riyadh-based developer said its stake in housing lender Dar Al Tamleek was 9.34 percent. The company corrected a statement yesterday that said its stake was 3.4%. The shares dropped 2.5 percent to 23.90 riyals.
To contact the editors responsible for this story: Shaji Mathew at firstname.lastname@example.org.