Saudi Arabia's Capital Market Authority (CMA) has approved two initial public offerings to be completed before the end of the year, Reuters has reported. Al Jouf Cement will offer 50% of its shares to the public, while Abdullah A.M. Al Khodari Sons will offer 30%, CMA said. "Portion of the offered shares will be allocated for mutual funds and authorised persons," the regulator said in a statement. The offering of Al Jouf Cement will take place from Jul 19-25.