Rochester, NY 9/1/2009 1:34:59 PM
Arabian American Development Company ARSD, Trading up 4.99% at closed trading Session
Arabian American Development Company ARSD
Arabian American Development Co., a leader in the specialty chemical area, today announced that it has reached a binding agreement resolving prior discussions surrounding the Al Masane Al Kobra Mining Company (AMAK) corporate documentation. Under the Agreement, the Company is released from any future financial obligations and will have no further liability to AMAK or the mine property.
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Last Trade: 3.58
Day's Range: 3.12 - 3.60
52wk Range: 0.41 - 4.50
Change: Up 0.17 (4.99%)
Volume: 13,013
Avg Vol (3m): 20,673.8
ABOUT Arabian American Development Company
Arabian American Development Company, through its subsidiaries, engages in the manufacture and sale of various specialty petrochemical products, as well as the development of mineral properties in Saudi Arabia and the United States. It produces high purity petrochemical solvents and other petroleum based products; and owns and operates three pipelines. The company, through its 50% interest in Al Masane Al Kobra Mining Company, holds a mining lease for the production of copper, zinc, gold, and silver and covers approximately 44 square kilometer area in the Al Masane area in southwestern Saudi Arabia. Arabian American Development Company was founded in 1967 and is based in Dallas, Texas.
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