Riyadh – Mubasher: Tabuk Cement Co on Wednesday announced renewing cement and clinker export licences.

The two licences were renewed for a year, the cement producer said in 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, up from SAR 12.2 million in Q3-17.

From January to September 2018, the firm’s net losses deepened by 2,881% to SAR 66.49 million, from SAR 2.23 million in the same period last year.