MIDEAST-STOCKS-Saudi rises on Ma'aden starting output at new plant | Reuters:
Saudi Arabian Mining Company (Ma’aden) helped Saudi Arabia’s stock index gain ground in early trading on Sunday, while Dubai’s market remained flat after falling to its lowest level in more than five years last week.
Ma’aden was up 2.6 percent after the company said on Dec. 6 that the firm will start commercial production on Sunday at its plant producing aluminium flat rolled products. Ma’aden Rolling Company is 74.9 percent owned by Ma’aden and 25.1 percent owned by Alcoa.
Al Rajhi Bank gained 0.1 percent, while Jabal Omar Development Co added 0.6 percent.
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