Saudi White Cement issues registration form

Saudi White Cement Co. published the registration form of its direct listing on Nomu Parallel Market, the financial advisor, Falcom Financial Services, said in a bourse statement on Thursday.  

The white cement producer was established in 1997, in Riyadh with a capital of SAR 300 million. It is one of the first companies to manufacture white cement across the Kingdom, which started its production in 2001. 

The company raised its capital to SAR 1.2 billion in 2011, by issuing 90 million new shares in favor of Riyadh Cement Co. (RCC) shareholders, to acquire all the shares in its capital.