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SIEC, Al Jouf Cement extend contract

SIEC, Al Jouf Cement extend contract
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SIECO
4140
3.12% 59.40 1.80
JOUF CEMENT
3091
-0.55% 9.06 -0.05

Riyadh – Mubasher: Saudi Industrial Exports Company (SIEC), known as Saderat, announced that it has signed a one-year sales and marketing contract extension with Al Jouf Cement Company, starting from 27 November.

The financial effect of the deal will appear in the financial statements of 2020, according to a company statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

Saderat agreed with Al Jouf in November 2017 to sell 72,000 tons of cement per year to Jordan.