Tuesday, Apr 03, 2012
(This story was originally published Monday.)
RIYADH (Zawya Dow Jones)--Saudi Arabia's Capital Market Authority, or CMA, said Monday it has approved the initial public offering of Najran Cement Co.
The firm plans to sell 85 million shares, or 50% of its share capital, to the public, and each share will be priced at 10 Saudi riyals ($2.7), the CMA said in a statement posted on the Saudi bourse website. The subscription period will start April 16 and end April 22, it added.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
03-04-12 0356GMT
