US$320m cement company to be established in Saudi Najran

US$320m cement company to be established in Saudi Najran
Published: 12 May 2005

An SAR1.2bn (US$320m) cement company is currently under establishment in Najran, southern Saudi Arabia, local media reported. The company, called Al Rub’a al-Khali Cement, is owned by a group of Saudi investors, who have already received an official licence and are currently completing the necessary procedures to register the company with the country’s Ministry of Trade and Industry. The founders of Al Rub’a al-Khali Cement have set the minimum investment for new shareholders to participate in the company at SAR15m (US$4m).