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  • 12-01-23

    Saudi Lime targets to grow capacity by 40 percent after CMA agree to register on Tadawul

    (MENAFN) Riyadh-located mining firm Saudi Lime has declared strategies to register its stocks on the Saudi Stock Exchange just weeks following receiving the Capital Market Authority’s agreement to list on the similar market Nomu, the chief executive shown.

    In an exclusive meeting with Arab News on the offshoots of the Future Minerals Forum, Ahmed Elewa declared that the mining company is going to dedicate the next two years to be part of the nation’s major market.

    “We are the first company in the mining sector related to limestone that went into an IPO and already got the CMA’s approval,” the chief executive revealed.

    Along with this, Saudi Lime targets to grow volume by a forecasted 40 percent in the next two years, Elewa assured.

    “We have a very good plan to expand and increase our capacity right now from 1,500 tons per day to be 2000 or 2,200 tons per day,” he went further more.

    MENAFN12012023000045014228ID1105418625

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