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Yamama Saudi Cement to boost capital by 50%
Saudi cement manufacturer Yamama has unveiled plans to increase its capital by 50% through a bonus share issue, Reuters has reported. The firm will increase its capital to SR2.025bn ($540m) from SR1.35bn, Yamama said. "Such increase will be paid by transferring an amount of SR675m from additional reserve to the company s capital," it added.
UAECEMENT.COM
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Jan, 12 ,2012
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