Southern Cement pushes completion date of Bisha plant to next June
Southern Province Cement Company (3050.SE) announced that works in the second line of the Bisha cement plant had been delayed, adding that the percentage of completion of the project amounted to 83% and is expected to be fully completed on 30 June 2016. According to the company, the reason for the delay of the previously-announced completion date is the delay of the project's contractor. The company further pointed out that there is no financial impact associated with the delay. (Tadawul) Southern Cement: SAR69.18 as of 10 February 2016, Rating: Neutral, FV: SAR80.50 per share, MCap: USD2,583 million, SOCCO AB / 3050.SE
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