Saudi Gosi, Pension Fund Invest in Al Safwa Cement, Riyadh Says

Saudi Arabia’s General Organization for Social Insurance and Public Pension Agency each own 25 percent of Al Safwa Cement Co., al-Riyadh reported, citing Mazen Khayyat, the company’s chairman.

Lafarge SA (LG) and Khayyat Group also own 25 percent stakes in the Jeddah-based company; Al Safwa has begun trial operation of its plant, which has capacity to produce 5,000 tons of cement a day, the newspaper cited Khayyat as saying.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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