Riyadh – Mubasher: Saudi Arabia-based Yanbu Cement signed a one-year agreement to export about million tonnes of clinker and 500 million tonnes of cement, starting from next April.
The financial impact of the deal is expected to reach SAR 100 million in 2018, according to a statement on Monday to the Saudi Stock Exchange (Tadawul).
Net profit fell 7.7% to SAR 96 million in the fourth quarter of 2017, while it tumbled 39.4% to SAR 319 million during the full year, the clinker and cement producer said.
The stock inched down 0.43%, closing Monday at SAR 32.52.
