Southern Province Cement Company- SPCC

southern province cement company was established by royal decree number m/3 dated 22/01/1978 as share holding company with capital of sr 700 million divided into 7 million shares, the value of each share was sr 100, the total share holders were 13,000. in the year 1997 board of directors decided to increase the capital of the company with a percentage of 50% to be sr 1,050 million by allotting half of the share value to the share holders on free bases in order to capitalize bisha plant, which was built by self financing, then the capital was increased again to be a paid capital of sr 1,400 million with total of 140,000,000 shares with a value of sr 10 per share. southern province cement company started with jazan cement plant on 30/10/1981 with designed production capacity of 5,000 tons of clinker/day, and due to the continuous developing it reached 7,550 tons/day. in 1992, board of directors observed the high demand on cement market and decided to expand the cement production by build