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Food Products, Saudi Kayan Petrochemicals: Saudi Equity Preview

May 12 (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 declined 2 percent to 7,221.50 on May 9.

Food Products Co. (FPCO AB): The producer and packager of pastas, fruits and peanut butter received a loan for 34 million riyals ($9 million) from the Saudi Industrial Development Fund to help finance plant expansion. The stock declined 2 percent to 28.9 riyals.

Saudi Kayan Petrochemical Co. (KAYAN AB): The unit of Saudi Basic Industries Corp. started operations at its plants after announcing on May 9 that a technical failure at a steam unit caused a shutdown. The stock fell 1.5 percent to 16.9 riyals.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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