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Saudi Equity Movers: Saudi Arabian Mining, Al Khodari Sons

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June 18 (Bloomberg) -- The Tadawul All Share Index declined 0.7 percent to 6,501.25 at the 3:30 p.m. close in Riyadh.

The following stocks rose or fell in Saudi Arabia’s market.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) rose 0.4 percent to 70.50 riyals after the Saudi Arabian contractor said it signed two contracts valued at 178.6 million riyals ($48 million) with the Ministry of Municipal and Rural Affairs.

Saudi Arabian Mining Co. (MAADEN AB) closed unchanged at 27.50 riyals after rising as much as 2.2 percent. The state-controlled metals producer, known as Ma’aden, said initial production started from the Ras al-Zour phosphate plant, a 70-30 joint venture with Saudi Basic Industries Corp. (SABIC AB).

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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