Saudi Yamama Cement Owns 5% in Hail Cement

Saudi Yamama Cement Owns 5% in Hail Cement
Published: 08 August 2008

Saudi cement producer Yamama Cement Company (YCC) said on August 5, 2008 it owns a five per cent stake in local cement producer Hail Cement, which is currently under establishment.
 
The stake represents SAR60m (US$16m), out of the SAR1.2bn (US$320m) capital of Hail Cement.
 
Yamama has so far paid SAR15m (US$4m) for its stake.