Yamama Cement stake in TAQA rises after capital hike

Riyadh-Mubasher: Yamama Cement Co. (YCC) said Wednesday it has received a stock certificate from the Industrialization and Energy Services Co. (TAQA), which indicates that the cement producer owns 28.1 million shares or 5.625% in TAQA after its capital hike.

TAQA had increased its capital from SAR 2 billion to SAR 5 billion.

Yamama Cement paid SAR 168.7 million in the capital increase in two equal installments.  

Mubasher Contribution Time: 06-Jan-2016 05:49 (GMT)