Tabuk Cement confirms export license
Published by Jonathan Rowland,
Editor
World Cement,
Saudi cement producer, Tabuk Cement, has been issued a cement export license by the Ministry of Commerce and Investment, according to a statement to the Saudi Stock Exchange. The license is valid for a year from the date of issue, the company added.
The company joins fellow cement producers, Al Jouf Cement and Najran Cement, in securing a license to export its cement.
Saudi producers have been hit by a downturn in demand for cement, hitting the sectors profitability and leaving many with high stockpiles. Growth in 2017 is also expected to remain slow, leading companies to take their chances on the export market.
Read the article online at: https://www.worldcement.com/africa-middle-east/17032017/tabuk-cement-confirms-export-license/
You might also like
Titan America files registration statement for proposed Initial Public Offering (IPO)
Titan Cement International S.A. have announced that its US business subsidiary, Titan America SA, has filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (“SEC”).