Hail Cement launches new investment portfolio

24/05/2015 Argaam

Hail Cement said in a bourse statement on Sunday that it has started an investment portfolio, run by Al Rajhi Capital.

 

The move is aimed at diversifying the company’s investments, in line with the CMA’s relevant regulations.

 

There was no mention of the total value of the portfolio; however, it will comprise held-for-trading securities that will be recorded as per the fair value.

 

Financial impact will be reflected in results at the end of each quarter.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read