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Al-Khodari Sons, Gulf Pharmaceutical, Sanad: Gulf Equity Preview

Aug. 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 fell the most in two weeks, losing 2.6 percent to 5,931.29. Dubai’s DFM General Index climbed less than 0.1 percent, while Abu Dhabi’s ADX General Index slid less than 0.1 percent.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The Saudi Arabian contracting company signed a contract valued at 24 million riyals ($6.4 million) with the Ministry of Municipal and Rural Affairs to develop a cleaning project in Skaka city. The shares dropped 1.6 percent to 62.75 riyals.

Gulf Pharmaceutical Industries (JULPHAR UH): The United Arab Emirates-based medical drugs and supplies producer known as Julphar plans to build a $26 million factory in Algeria. The shares were unchanged at 2.15 dirhams.

Sanad Cooperative Insurance & Reinsurance Co. (SANAD AB): The Saudi Arabian insurer named Philip William Head as its new chief executive officer. The shares slumped 3.4 percent to 14.15 riyals.

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

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

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