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 0.6% to 7,567.98 on March 14.
Saudi Electricity Co. (SECO) : Saudi Arabia’s state- controlled power producer’s three Sukuk issues were affirmed “AA-” by Fitch Ratings. Fitch also affirmed the Riyadh-based company’s long-term issuer default rating and senior unsecured rating “AA-” with a stable outlook. The shares were unchanged at 15.50 riyals.
Saudi Printing and Packaging Co. (SPPC AB): The publisher of newspapers and magazines signed an agreement to buy a stake of 73.3 percent to 80 percent in Sharjah, U.A.E.-based Emirates National Factory for Plastic Industries. The shares declined 3.3 percent to 29.40 riyals.
To contact the reporter on this story: Mourad Haroutunian in Riyadh at firstname.lastname@example.org
To contact the editor responsible for this story: Shaji Mathew at email@example.com