Saudi Arabia Economical and other News

<P align=center>I am glad to put some news about Gulf countries specially Kingdom of Saudi Arabia

Kingdom Holding keeps Tadawul bourse rising

[size=9][size=16]The Saudi Stock Exchange closed 0.48% higher at 6,616.41 points as multi-investments pushed the market up. Shares of Kingdom Holding Co., owned by renowned investor HH Prince Al-Waleed Bin Talal, surged 9.38% to reach SR10.50. Al Hassan Ghazi Ibrahim Shaker, a Riyadh-based manufacturer of air conditioners, jumped seven percent, finishing at SR61.00. Earlier in the day, the company announced the signing of a Memorandum of Understanding with South Korea's LG Electronics. "The purpose of this MOU is to summarize the current business understanding of the parties about consideration and discussion for cooperation between LGE and Al Hassan Ghazi Shaker Company about marketing and sales of LG Solar and Lighting LED / PLS products", the statement to the Tadawul bourse says.[/size]

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