Informed sources pointed out that Jiblah Holding Co. is currently conducting serious negotiations to acquire the biggest cement factory in the Middle East.

These sources referred to the fact that the Company considered adopting a special approach and creating a highly competent investment department capable of developing its projects and avail opportunities and long-tem alliances, together with having a prestigious place on the Arab marketplace. Accordingly, the investment opportunities on offer exceeded 120 throughout the lapsed year, out of which five only were selected in the sectors of maritime transportation, service projects in the Republic of Iraq, together with solid waste, oils and electronics projects.

Meanwhile, "Al-Rai Al-A'am" has been informed that Jiblah Holding Co. is in the process of disposing of its shares in Middle East Complex Co. which is an industrial project located in Jordan for wholesale, electronic and electric appliances, under the logo of "LG" International. The disposal shall constitute about 5% of the project.

Noteworthy, the Company had submitted an application to be listed on Kuwait Stock Exchange (KSE), in preparation for obtaining the listing approval, and is scheduled to witness, on Saturday 17^th of the current month, offering about 36.2 million shares for private placement, with the view of expanding the shareholder base.