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Non-Tech : SLJB - Sulja Brothers Building Supply, Inc. (Bulls Board)

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Nov 7 9:30 AM EST

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From: atm_prophet	11/20/2006 9:24:46 AM
	of 1521

Old News printed today because it references Steve Sulja as CEO godubai.com Sulayem for more cement imports BY OUR BUSINESS BUREAU UAE is encouraging cement importation to push the market prices lower and meet demand in the construction industry, a senior official of Dubai Ports Authorities said. "We are encouraging cement importation to the UAE, because the market price at present is high and as with all fair trade markets, we do not want to enforce price restrictions," Dubai Ports Authority (DPA) and Nakheel Chairman Sultan Bin Sulayem said. According to a Middle East Economic Digest (Meed) report, US-based Sulja Bros. Building Supplies Ltd is seeking a listing on the Dubai International Financial Exchange. A spokesperson said: "Recent deals have generated great interest in Sulja Bros. Building Supplies Ltd. We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. on the Dubai International Financial Exchange." CEO Steve Sulja stated: "Our recent dealings in the Gulf region have greatly attracted the attention of the regional investors. We are very excited and working diligently to provide these savvy investors with a Dubai listing. We warmly welcome the Middle Eastern investors to the Sulja family of shareholders and look forward to even further expansion in this and other regions." The UAE faces a shortage in the cement production industry by about five million tonnes per year, forcing it to import cement to facilitate the needs of the construction industry, the Meed report said.

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