Najran Cement CEO resigns

Saudi cement producer Najran Cement said in a bourse filing yesterday that Ahmad Zuqeil had resigned from the position of CEO, effective August 31, according to reports by SeeNews Middle East and Africa.

Najran Cement is currently working on an expansion project which will boost its annual production capacity to 5000t of cement. Completion is scheduled for the third quarter of 2013.

Najran Cement booked a net profit of SAR107.2m (US$28.6m) for the first half of 2012, down from SAR146.4m in the same period last year.