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15-Mar-2017

Tabuk Cement Company receives export licence; impact unclear yet

Tabuk Cement Co [3090.SE] has received its export licence from the Saudi Ministry of Commerce and Investment. The company noted that the licence will be valid for one year from the issuance date. The impact remains unclear. 
 
Tabuk Cement: SAR12.49 as of 14 Mar. 2017, Rating: Sell, TP: SAR11.30/share, MCap: USD300mn, TACCO AB/3090.SE
 

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