Yanbu Cement owns 25% in new cement firm

Yanbu Cement owns 25% in new cement firm
Published: 10 November 2008

Saudi cement producer Yanbu Cement Co owns a 25 per cent stake in cement producer Saudi-UAE Concrete Products Co, which is currently under establishment, according to a contract signed on November 5.

The stake represents SAR6m (US$1.6m), out of the SAR24m capital of the new company, YCC managing director, Abdul Rouf Abu Zanada, said in a filing to the Saudi Stock Exchange.