Yamama Cement participates in TAQA capital increase, maintains c5.6% stake
Yamama Cement Company (3020.SE) received its additional shares in Industrialization and Energy Service Company (TAQA) after participating in its rights issue. Yamama Cement’s stake remains at 5.625% after paying cSAR168.7 million through two equal internally financed installments. TAQA’s rights issue saw the company’s capital increase to SAR5 billion from SAR2 billion, following AGM approval in 2014. (Mubasher)
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