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Investment Dar, Arriyadh Development: Gulf Equity Preview

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June 5 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

Dubai’s DFM General Index dropped 0.5 percent, while Abu Dhabi’s ADX General Index rose 0.3 percent. Saudi Arabia’s Tadawul All Share Index tumbled 1.7 percent.

Arriyadh Development Co. (ADCO AB): The Saudi Arabian property developer awarded a contract valued at 59.3 million riyals ($16 million) to a local company to build cooling and freezing warehouses in southern Riyadh. The shares declined 1.7 percent to 14.90 riyals.

Investment Dar Co. (TID KK): The Kuwaiti financial services company that owns half of Aston Martin Lagonda Ltd., said a Kuwaiti court allowed it to seek protection under the country’s Financial Stability Law, enabling it to implement a plan to restructure 1.37 billion dinars ($5 billion) of debt. The shares dropped 5.1 percent to 74 fils.

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

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

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