Arabian Cement buys 200,000 tons of clinker from Al Jouf Cement

Arabian Cement Co. (ACC) signed on Sunday an agreement to buy 200,000 tons of clinker from Al Jouf Cement Co., both companies said in separate statements to Tadawul.

The deal is said to account for four percent of ACC's total expected sales for the year.

The agreement remains valid until the end of the year, and is expected to raise ACC’s stock, as well as help it maintain sufficient inventory for the year.

Meanwhile, Al Jouf Cement said in a separate statement that it expects the sale to bolster its second-quarter profit. It estimates the total volume of sold clinker to account for seven percent of its annual sales.