Hail Cement to sell shares, Saudi Arabia?

Hail Cement to sell shares, Saudi Arabia?
Published: 08 August 2011

The Capital Market Authority (CMA) has recently announced the offering dates for the initial public offering (IPO) of Hail Cement Company (HCC). 


The total size of the offering is SAR489.5m and stocks will be offered at par value — SAR10 per share.
 
The subscription opens on September 20 and ends on September 26. 



“We are very pleased with this announcement,” Gulf International Bank (GIB) Chief Executive Officer Yahya A Alyahya said, commenting on the CMA’s decision.