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Hail Cement to start trading Sunday: CMA

by Ben Roberts on Oct 11, 2011

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Hail Cement will be the tenth listed supplier.

Shares in Hail Cement Company will start trading this Sunday on Saudi Arabia’s Tadawul stock exchange in Riyadh, according to the country’s chief financial regulator.

The Capital Market Authority added that the company will be traded within the cement sector and will have no price limit for the first day only.

The company officially listed on 26 September. It will be the tenth cement company to list on the Tadawul. The cement index – an aggregate of the companies’ share performances, has risen more than 18% since the start of the year.

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