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NORTHERN CEMENT
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Riyadh - Mubasher: Northern Region Cement Company announced on Thursday that it has completed the acquisition of Umm Qasr.
Umm Qasr is registered in Dubai’s Jebel Ali Free Zone (JAFZA) with a capital of AED 10,000.
The SAR 6.06 million is self-funded, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
The transaction is expected to have a positive impact on the financial results of the Saudi cement manufacturer, the statement noted.
Source:
Mubasher
