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Taiba Holding, Saudi Paper Manufacturing: Saudi Equity Preview

July 30 (Bloomberg) -- The following stocks may rise or fall in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close.

The Tadawul All Share Index dropped 0.5 percent to 6,445.17 on July 27.

Saudi Paper Manufacturing Co. (SPM AB): The Saudi Arabian maker of tissue paper signed an agreement to invest 25 million dinars ($35.3 million) in a new company to produce paper products in Jordan, according to Al Rai newspaper said. The shares dropped 0.3 percent to 38.90 riyals.

Taiba Holding Co. (TIRECO AB): The Saudi Arabian property developer said it gained 228.2 million riyals in settlements regarding land plots confiscated by the state in the holy city of Madina. The shares dropped 0.6 percent to 16.85 riyals.

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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