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

Saudi British, Arabian Pipes, Zamil: Saudi Equity Preview

Dec. 24 (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 rose 0.7 percent to 6,330.02 on Dec. 21.

Arabian Pipes Co. (APCO AB): The Saudi Arabian maker of steel pipe said its board proposed increasing the company’s capital by 27 percent to 400 million riyals ($107 million) by awarding 1.079 bonus shares for every four shares held. The shares gained 2.7 percent to 30 riyals.

Nama Chemicals Co. (NAMA AB): The Saudi Arabian petrochemicals company named Fahad Rashed Al-Otaibi as the Jubail-based company’s new chief executive officer after Abdulrahman Al Hammad resigned. The shares were unchanged at 10 riyals.

National Shipping Co. of Saudi Arabia (NSCSA AB): The Saudi operator of crude oil and chemical tankers said its board proposed to pay a dividend of 0.5 riyals a share for 2011. The stock declined 1.2 percent to 12.75 riyals.

Saudi British Bank (SABB AB): The lender, which is 40 percent owned by HSBC Holdings Plc, said its board proposed to increase the bank’s capital by 33 percent to 10 billion riyals by awarding one bonus share for every three held. The Riyadh-based lender will also pay a dividend of 0.65 riyals a share for 2011. The stock rose 1 percent to 38.80 riyals.

Saudi Industrial Investment Group (SIIG AB): The investor in petrochemicals projects said its joint venture with Arabian Chevron Phillips Petrochemical Co. awarded a contract valued at 700 million riyals to Nesma & Partners Contracting Co. to build plants in Jubail industrial city. The shares rose 1.1 percent to 19.10 riyals.

Yamamah Saudi Cement Co. (YACCO AB): The Saudi Arabian maker of the building material was downgraded to “neutral” from “overweight” with a target share price of 75.60 riyals at NCB Capital. The shares rose 1.1 percent to 69.25 riyals.

Yanbu Cement (YNCCO AB): The Saudi Arabian maker of the building material was raised to “neutral” from “underweight” with a 12-month target price of 61.40 riyals a share at NCB Capital. The stock advanced 3.7 percent to 62.75 riyals.

Zain Saudi Arabia (ZAINKSA AB): The unit of Kuwait’s Mobile Telecommunications Co. was upgraded to “buy” from “hold” and had its target price reduced to 6.40 riyals at Riyad Capital. The shares fell 0.9 percent to 5.35 riyals.

Zamil Industrial Investment Co. (ZIIC AB): The Saudi maker of building materials said its board recommended paying a second-half dividend of 0.75 riyal a share. The shares declined 0.4 percent to 28 riyals.

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

To contact the editor 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.