Food Products, Saudi Kayan Petrochemicals: Saudi 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 (SASEIDX) declined 2 percent to 7,221.50 on May 9.
Food Products Co. (FPCO) : 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) : The unit of Saudi Basic Industries Corp. (SABIC) 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.
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