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

Feb. 14 (Bloomberg) -- 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 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