Saudi Cement Co. — Capital/Financing Update 2012

Feb 11, 2012

Saudi Cement Company announces sale of clinker Arabian Cement Company

3030 · 11/02/2012 16:26:04 · Announcement #24052 · View on Saudi Exchange

Saudi Cement Company announces sale of clinker Arabian Cement Company

Further to the Companys announcement on 04/02/2012 (12/03/1433) about commencement of negotiation for sale of clinker, Saudi Cement Company hereby announces that it has reached agreement on Saturday 11/02/2012 ( 19/03/1433) to sell two hundred (200) thousand tons of clinker to Arabian Cement company so that the latter grinds & pack the resulting cement in bags to meet the rising demand for cement bags by citizens in the Western Region, and in support of the directions of the Ministry of Commerce & Industry. Its worth noting that the revenues from this agreement shall be less than 5% of the total expected revenues for 2012.since this agreement is valid till 31/12/2012, its financial impact shill fall on year 2012.

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