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29-Mar-2016

Al Jouf Cement appoints new general manager

Al Jouf Cement Company (3091.SE)’s Board of Directors appointed the current assistant to general manager for technical affairs, Jamal Al Aamer, as the company’s new general manager after it had accepted the resignation of the company’s current general manager, Eissa Baissa who submitted his resignation earlier in 31 January 2016 for “personal reasons”, and will be effective as of 31 March 2016. Jamal joined Al Jouf in 2013 and has vast experience in the cement sector gained from working in a number of cement companies. (Company disclosure)   Al Jouf Cement: SAR9.19 as of 28 March 2016, Rating: Neutral, FV: SAR8.50 per share, MCap: USD319 million, JOUF AB / 3091.SE

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