Kingdom, Al Khodari, Alsorayai: Saudi Arabian Equity Preview

The following stocks may be active in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close.

The Tadawul All Share Index (SASEIDX) gained 0.9 percent to 7,031.26 on Wednesday, Feb. 22.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) : The Saudi Arabian contracting company ended a joint venture agreement with Lotte Engineering & Construction Co. to bid for passenger stations and mosques for the North-South rail project. The shares rose 1.4 percent to 53.25 riyals.

Alsorayai Group (ALSORAYA) : The board of the Saudi manufacturer of carpets and rugs recommended no dividend for 2011. The shares declined 1.4 percent to 27.40 riyals.

Kingdom Holding Co. (KINGDOM) : The board of the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal recommended distributing 0.125 riyal a share in quarterly dividends from retained profit this year. The shares dropped 0.5 percent to 10.95 riyals.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.