Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Saudi Arabian Equity Movers: Kingdom Holding, Alsorayai Group

Feb. 25 (Bloomberg) -- The Tadawul All Share Index gained 0.6 percent to 7,075.86 at the 3:30 p.m. close in Riyadh, its highest level since Sept. 28, 2008.

The following stocks were active in Saudi Arabia’s market.

Alsorayai Group (ALSORAYA AB) dropped 1.1 percent to 27.10 riyals, the lowest closing price since Feb. 15, after the board of the Saudi manufacturer of carpets and rugs recommended no dividend for 2011.

Kingdom Holding Co. (KINGDOM AB) gained 1.4 percent, the biggest increase since Feb. 13, to 11.10 riyals. The board of the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal recommended distributing 0.125 riyal a share in quarterly dividends from retained profit this year.

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.