Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Commercial Bank of Dubai, Sreco: Equity Preview

June 12 (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 gained 0.3 percent, while Kuwait Stock Exchange Index declined less than 0.1 percent. Saudi Arabia’s Tadawul All Share Index slid 0.5 percent.

Commercial Bank of Dubai PSC (CBD UH): The lender 20 percent-owned by Dubai’s government set terms on a $400 million loan, according to a person familiar with the deal. The bank agreed to pay initial interest of 175 basis points over the London interbank offered rate on the three-year term loan, said the person, who declined to be identified because the transaction is private. The shares rose 3.3 percent to 3.10 dirhams.

Saudi Real Estate Co. (SRECO AB): The Riyadh-based developer said its stake in housing lender Dar Al Tamleek was 9.34 percent. The company corrected a statement yesterday that said its stake was 3.4%. The shares dropped 2.5 percent to 23.90 riyals.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at

To contact the editors responsible for this story: Shaji Mathew at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.