Tabuk Cement to export to Yemen

Saudi Arabia’s Tabuk Cement has signed a memorandum of understanding with Yemen to export cement. The company will export 6000t of cement in a three-month deal with the country.

Tabuk Cement recently reported that its losses widened 57 per cent YoY in the 3Q17, reaching SAR19.19m (US$5.11m) from SAR12.2m in the year-ago period. In the first nine months of 2018, the company’s net loss grew to SAR66.49m.