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.
