Breaking News

Tweet TWEET

Saudi Electricity, Saudi Printing: 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 0.6% 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 mharoutunian@bloomberg.net

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

Bloomberg reserves the right to edit or 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.