Riyadh – Mubasher: Saudi Arabia’s Tabuk Cement Company on Monday said that its board of directors approved appointing Ali Al-Qahtani as the new general manager, effective Sunday, 6 January.
Al-Qahtani will replace Ali Mohmiha Al Asmari, according to a statement to the Saudi Stock Exchange (Tadawul).
Tabuk Cement last reported a 57.2% year-on-year loss increase during the third quarter of 2018, reaching SAR 19.19 million after calculating Zakat and Tax, up from SAR 12.2 million.
From January to September 2018, Tabuk Cement’s net losses deepened by 2,881% to SAR 66.49 million, against SAR 2.23 million in the same period last year.
By 10:42 am Saudi time, Tabuk Cement’s stock levelled down 0.18% to SAR 11.20.
