Arabian Cement renews mining concession agreement for 30 years
Arabian Cement Company [3010.SE] has renewed its mining concession agreement for limestone, gypsum, clay and all the materials necessary for cement production for the company’s plant in Rabigh, following a ministerial decree issued on 20 June 2016 that is valid for 30 years as of 13 July 2016.(Company disclosure) Arabian Cement Co. (Saudi): SAR50.39 as of 12 July 2016, Rating: Buy, FV: SAR60.00 per share, MCap: USD1,344mn, ARCCO AB / 3010.SE
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