Riyadh – Mubasher: Saudi Arabia’s Southern Province Cement Company (SPCC) has announced renewing the licence of exporting million tonnes of clinker and 500,000 cement tonnes for a one year.

SPCC received the renewal from the Ministry of Commerce and Investment, while it was extended on 13 February, according to a statement to the Saudi Stock Exchange (Tadawul).

Earlier on Sunday, the company reported a 47% year-on-year profit decline in 2018, reaching SAR 195 million ($52.01 million) last year, compared to SAR 370 million during 2017, according to a statement to the Saudi Stock Exchange

SPCC’s stock remained unchanged to finish Sunday’s trading activities at SAR 43.50.