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Arabian Cement ups capital

  • Saudi Arabia: Sunday, December 30 - 2007 at 07:57

Saudi Arabia's Arabian Cement is to sell $133.6m worth of new shares to its shareholders as part of a 14.3% capital increase, reported Reuters. The firm commenced listing subscribers yesterday, Saturday, and it will continue to do so until January 7. Arabian Cement is selling 10m shares at a price of SR50 per share; the company has not said what it will do with the extra funds generated.

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