A. Pharaon & Partners Law Firm.

Saudi Arabia's stock market regulator said on Sunday it approved two initial public offerings (IPOs) to be completed before the end of the year.

Al Jouf Cement Co will offer 50 percent of its shares to the public, or 65 million shares at 10 riyals ($2.7) a share, the regulator said a statement on Sunday.

The offering will take place from July 19-25, making it the ninth cement company to be listed on the Saudi stock exchange.

The Saudi stock market is the largest in the Gulf and several Saudi companies have unveiled IPO plans this year but in February travel agent Al Tayyar travel Group put on hold its IPO plans due to weak demand. (Reuters)