Almarai Co., Jarir Marketing: Saudi Arabia Equity Preview
The following companies’ shares 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) declined 0.4 percent to 7,895.36 on April 4.
Almarai Co. (ALMARAI) : Saudi Arabia’s largest food producer by market value reported a 2.9 percent increase in first-quarter profit to 242.1 million riyals ($65 million) as sales increased on expansion in the Persian Gulf. The stock advanced 0.4 percent to 71.75 riyals.
Jarir Marketing Co. (JARIR) : Saudi Arabia’s largest stationery and electronic products retailer said its first- quarter profit increased 20 percent to 164.2 million riyals on higher sales of laptops and smart phones. The shares declined 0.3 percent to 154.25 riyals.
To contact the reporter on this story: Glen Carey in Riyadh at email@example.com
To contact the editor responsible for this story: Shaji Mathew at firstname.lastname@example.org
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.