Monday, October 31, 2011

SAUDI ARABIA: Saudi Arabia to Offer 7 Cement Licenses This Year, Okaz Says



Saudi Arabia plans to offer seven licenses for cement plants before the end of the year, Okaz reported, citing Deputy Minister for Mineral Resources Sultan Shawli.

A license-holder can own 50 percent of the cement plant while the balance must be sold in an initial public offering, the Jeddah-based newspaper said, citing Shawli. The Ministry of Petroleum and Mineral Resources has selected 16 limestone sites across the kingdom, the newspaper said, citing the official.

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