UAE, Saudi Arabia & Oman - Rasmala Investment Bank

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Morning Note: UAE, Saudi Arabia & Oman Tuesday October 27, 2009 • October 29: Commercial Bank International BOD meeting • October 29: Fujairah Cement BOD meeting • October 29: Mashreq Bank BOD meeting • November 2: Ajman Bank BOD meeting www.rasmala.com 2
Morning Note: UAE, Saudi Arabia & Oman Tuesday October 27, 2009 Saudi Arabia Market Commentary The market closed up for the second time this week rising by 0.55% to 6,653.5 points. SABIC led the market as it gained 0.89%. The banking sector, for the second day, followed the market trend with Riyad Bank, SABB and Al Rajhi Bank increasing by 1.37%, 1.94% and 0.32% respectively. Companies’ News • Mobily (7020.SE) granted Ericsson a contract worth SAR 600 million in order to enhance Mobily's 3.5G network. (Tadawul) • Jarir Marketing Company (4190.SE) plans to increase its number of retail outlets. It currently has 26 outlets and aims to expand to 40-45 by the end of 2013. The company is targeting sales of SAR 4 billion in 2012, up from SAR 2.52 billion in 2008. (Reuters) • Moody's maintained its positive outlook for Saudi Telecom Company (7010.SE). (Zawya) • Saudi Arabia Mining Company's (Ma'aden) (1211.SE) phosphate and fertilizers plant, which is a joint venture with SABIC (2010.SE), will commence operations in October 2010. (Zawya) • Saudi Electricity Company (5110.SE) plans to spend USD 20 billion to add more than 10,000 megawatts (MW) of generation capacity through six independent power producer projects. (Reuters) Highest Traded Value Value Traded in Company Close (SAR) SAR mn ALINMA 14.05 721 SAUDI KAYAN 19.60 260 SAUDI FISHERIES 58.75 237 SA BASIC IND 84.75 221 NATL AGR MKTING 41.00 190 Source: Reuters Top Gainers Company Close (SAR) % Change WEQAYA 44.00 10.0 FOOD PRODUCTS 22.70 9.9 AL BAHA 20.75 9.8 SABB TAKAFUL 41.80 6.9 ZAMIL IND INV 60.50 5.7 Source: Reuters Top Losers Company Close (SAR) % Change WALAA INS 33 -3.8 TRADE UNION 33.7 -2.9 NATL AGR MKTING 41 -2.4 UCA 35.2 -2.2 AICC 31.5 -2.2 Source: Reuters Agenda • October 28: Saudi Industrial Development AGM. • October 31: Mobily AGM • November 1: Filling and Packing Materials Manufacturing Company AGM • November 9: Saudi Cement Company AGM • November 10: Jarir Marketing Company cash dividend of SAR 1.7 per share. Exdividend date on 04/11/09. • November 11: Saudi Telecom Company cash dividends of SAR 0.75 per share. Ex-dividend date 29/10/09 • November 16: Qassim Cement Company EAGM • November 17: Qassim Cement Company, bonus shares ex-dividend date www.rasmala.com 3
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UAE, Saudi Arabia & Oman - Rasmala Investment Bank

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