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Saudi Electricity, Saudi Printing: Saudi Arabian Equity Preview

March 17 (Bloomberg) -- The following stocks may be active in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close.

The Tadawul All Share Index gained 0.6% to 7,567.98 on March 14.

Saudi Electricity Co. (SECO AB): Saudi Arabia’s state-controlled power producer’s three Sukuk issues were affirmed “AA-” by Fitch Ratings. Fitch also affirmed the Riyadh-based company’s long-term issuer default rating and senior unsecured rating “AA-” with a stable outlook. The shares were unchanged at 15.50 riyals.

Saudi Printing and Packaging Co. (SPPC AB): The publisher of newspapers and magazines signed an agreement to buy a stake of 73.3 percent to 80 percent in Sharjah, U.A.E.-based Emirates National Factory for Plastic Industries. The shares declined 3.3 percent to 29.40 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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