Riyadh – Mubasher: Al Jouf Cement Company has announced the resignation of Mohammed bin Saeed Attia from his position as the Chairman of the board.

Attia submitted his resignation on 18 July due to personal circumstances, yet it will be effective as of 31 July 2022, according to a bourse disclosure on Tuesday.

Meanwhile, the Saudi listed firm appointed Attia as a part-time consultant until the end of the current board term that ends on 5 August 2023.

During the January-March 2022 period, Al Jouf Cement logged net profits after Zakat and tax worth SAR 5.55 million, an annual plunge of 73.55% from SAR 20.98 million.

The company registered accumulated losses of SAR 337.56 million in the first quarter (Q1) of 2022, representing 23.61% of the SAR 1.43 billion capital.