Aldar Properties, Al-Hassan and Saudi British Bank: Gulf Equity Preview
The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
The Dubai Financial Market General Index increased 1 percent to 1,781.92, the highest since April. Saudi Arabia’s Tadawul All Share Index advanced 0.2 percent, while Abu Dhabi’s measure retreated 0.5 percent.
Aldar Properties PJSC (ALDAR UH): John Bullough, the chief executive officer of Abu Dhabi’s biggest real-estate developer, left the company. A replacement will be announced after a board meeting on Nov. 8. The shares fell 0.8 percent to 2.59 dirhams.
Al-Hassan GI Shaker Co. (SHAKER AB): The Saudi Arabian cooling systems and home appliances manufacturer said it got a 15.9 million-riyal ($4.2 million) contract from the government. The shares retreated 0.9 percent to 58 riyals.
Saudi British Bank (SABB AB): The lender 40 percent owned by HSBC Holdings Plc said it may sell dollar bonds after meeting investors from Nov. 4. The shares were unchanged at 42 riyals.
To contact the editor responsible for this story: Claudia Maedler in Dubai at email@example.com