NO. 26


Financial and Banking News

Capital Markets

Saudi Arabia's Tabuk Cement Company Starts Share Flotation

The Tabuk Cement Company is offering 3.7mn shares worth a total of SR374mn($99.7mn) through public flotation. The offer will begin on 29 March and willclose after two weeks. Founder shareholders have already subscribed 3.3mn sharesfor SR325mn ($86.7mn). The company was established in 1993 and the original planwas for the public flotation to provide SR412mn of total...