Southern Province Cement Company [SPCC.SE] has renewed its cement and clinker export licences from the Saudi ministry of commerce and investment. The licence will allows the company to export only 1mn tonnes of clinker and 0.5mn tonnes of cement. The company noted that the licence will be valid for one year, effective 13 of February 2019.
Southern Cement: SAR43.50 as of 10 Mar. 2019, Rating: Neutral, TP: SAR41.10/share, MCap: USD1,624mn, SOCCO AB/3050.SE
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