Arab National, Halwani, Amiantit: Saudi Arabian Equity Preview

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 advanced 0.3 percent to 7,573.28 on April 11.

Arab National Bank (ARNB AB): The Saudi lender said first-quarter profit rose 12 percent to 656 million riyals from 587 million riyals a year earlier. The shares fell 0.6 percent to 31 riyals.

Halwani Brothers Co. (HB AB): The dairy, food and condiments producer said first-quarter profit declined 17 percent to 18.1 million riyals on higher marketing costs. The shares dropped 4.2 percent to 43.6 riyals.

Makkah Construction & Development Co. (MCDCO AB): The Mecca developer posted a 12 percent increase in fourth-quarter profit to 67 million riyals as revenue from hotel activities increased. The stock declined 0.3 percent to 37.7 riyals.

Saudi Arabian Amiantit Co. (SAAC AB): The manufacturer of construction materials posted a 3 percent increase in first-quarter profit to 35.2 million riyals. The stock was unchanged at 20.3 riyals.

Yanbu National Petrochemical Co. (YANSAB AB): The maker of Ethylene and propylene reported a 0.3 percent rise in first-quarter profit to 720.3 million riyals as output and sales increased. The stock was unchanged at 51 riyals.

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