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Al Ahli Bank, Saudi Arabian Mining, Sipchem: Gulf Equity Preview

Dec. 21 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

Saudi Arabia’s Tadawul All Share Index gained 0.3 percent to 6,595.27, while the DFM General Index lost 0.5 percent.

Al Ahli Bank of Kuwait KSC (ABK KK): The lender expects to post a full-year profit of $250 million, Deputy Chairman Ali Hilal al-Mutairi said.

Separately, the Arab Monetary Fund, an arm of the 22-nation Arab League, signed an agreement with the bank for a $40 million credit line. The shares slid 3 percent to 650 fils.

Saudi Arabian Mining Co. (MAADEN AB): The metals producer known as Ma’aden said two of its units got loans totaling $2.1 billion from a state fund. The shares were unchanged at 21.8 riyals.

Saudi International Petrochemical Co. (SIPCHEM AB): The petrochemical maker known as Sipchem said it will raise its capital by 10 percent through a bonus issue. The shares retreated 0.7 percent to 28.3 riyals.

To contact the reporter on this story: Zahraa Alkhalisi in Abu Dhabi at

To contact the editor responsible for this story Shaji Mathew at

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