Saudi king undergoing medical tests in Riyadh hospital

DUBAI Saudi Arabia's elderly King Abdullah bin Abdulaziz was admitted to a hospital on Wednesday
for medical tests, state media said, citing a royal court statement, after he suffered what one source
described as breathing difficulties.
King Abdullah, who took power in 2005 after the death of his half-brother King Fahd, is thought to
be 91, although official accounts are unclear. He has undergone surgery in the past few years
related to a herniated disc.
Saudi stocks dipped on the news, which will also be of wider interest as Saudi Arabia is the world's
largest oil exporter and the top U.S. ally in the Gulf region. Global oil prices did not appear to be
immediately affected.
"The Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz, may God keep him, entered
today, Wednesday, ... the King Abdulaziz Medical City of the National Guard in Riyadh to undergo
some medical tests," the statement said, according to state news agency SPA.
A Saudi source familiar with the affairs of the royal family said the king suffered breathing
difficulties and was transferred to hospital. "But he's feeling better now and he is in stable
condition," the source told Reuters.
Saudi Arabia's stock market .TASI, which was already down more than 1 percent due to sliding oil
prices, dropped to 5 percent lower in the minutes after the news. It later recovered slightly to be 3
percent lower.
Abdullah named his half-brother, Prince Salman, 13 years his junior, heir apparent in June 2012
after the death of Crown Prince Nayef bin Abdulaziz. Earlier this year he appointed Prince Muqrin
bin Abdulaziz as deputy crown prince, giving some assurance on the kingdom's long-term succession
process.
In November 2012, the king underwent an 11-hour operation at the same Riyadh hospital. He had a
similar operation in October 2011 and had back surgery twice in the United States in 2010 for a
herniated disc, spending three months outside Saudi Arabia recuperating.

(Writing by Yara Bayoumy; Editing by Sami Aboudi and Andrew Heavens)