Kingdom, Al Khodari, Alsorayai: Saudi Arabian Equity Preview
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 (SASEIDX) gained 0.9 percent to 7,031.26 on Wednesday, Feb. 22.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) : The Saudi Arabian contracting company ended a joint venture agreement with Lotte Engineering & Construction Co. to bid for passenger stations and mosques for the North-South rail project. The shares rose 1.4 percent to 53.25 riyals.
Alsorayai Group (ALSORAYA) : The board of the Saudi manufacturer of carpets and rugs recommended no dividend for 2011. The shares declined 1.4 percent to 27.40 riyals.
Kingdom Holding Co. (KINGDOM) : The board of the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal recommended distributing 0.125 riyal a share in quarterly dividends from retained profit this year. The shares dropped 0.5 percent to 10.95 riyals.
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