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Almarai Co., Al-Khodari Sons, Saudi Dairy: Saudi Equity Preview

March 31 (Bloomberg) -- The following companies’ shares 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 0.2% to 7,782.84 on March 28.

Almarai Co. (ALMARAI AB): Saudi Arabia’s largest food producer by market value raised its stake in a joint venture with PepsiCo Inc. to 52 percent from 48 percent. The shares advanced 2.2 percent to 114 riyals, the highest since January 2011.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The contactor won a contract valued at 26.8 million riyals ($7.1 million) from the Ministry of Higher Education to build a college. The shares declined 0.5 percent to 54.5 riyals.

Saudi Dairy & Foodstuff Co. (SADAFCO AB): The company received 4.1 million riyals from its 2.75 percent return on a 150 million-riyal Islamic deposit with United Gulf Bank. The shares fell 0.4 percent to 57 riyals.

To contact the reporter on this story: Glen Carey in Riyadh at

To contact the editor responsible for this story: Shaji Mathew at

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