Bloomberg News

Almarai Co., Al-Khodari Sons, Saudi Dairy: Saudi Equity Preview

March 31, 2012

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) gained 0.2% to 7,782.84 on March 28.

Almarai Co. (ALMARAI) : Saudi Arabia’s largest food producer by market value raised its stake in a joint venture with PepsiCo Inc. to 52 percent from 48 percent. The shares advanced 2.2 percent to 114 riyals, the highest since January 2011.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) : The contactor won a contract valued at 26.8 million riyals ($7.1 million) from the Ministry of Higher Education to build a college. The shares declined 0.5 percent to 54.5 riyals.

Saudi Dairy & Foodstuff Co. (SADAFCO) : The company received 4.1 million riyals from its 2.75 percent return on a 150 million-riyal Islamic deposit with United Gulf Bank. The shares fell 0.4 percent to 57 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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