Riyadh Cement’s board approves transition to Saudi Arabia’s main market TASI

Riyadh Cement is currently listed on the parallel Nomu market (Riyadh Cement)
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RIYADH: Riyadh Cement Co. has secured its board of directors’ approval to transfer to Saudi Arabia’s main market TASI, a bourse filing revealed.

The cement producer, which is currently listed on the parallel Nomu market, has appointed Yaqeen Capital as a financial advisor for the transition.

The transaction is subject to obtaining the necessary regulatory approvals, the company said in the filing.