Hail Cement launches new investment portfolio

24/05/2015 Argaam

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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.

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