Najran Cement says no positive impact from export license

Najran Cement said that cement export license received earlier this year is not expected to have a positive impact on its financial statements due to the high export fees imposed on the company, the cement producer said in a statement in Tadawul Thursday.

The company said the export is not feasible at the moment despite its closed location to targeted markets.

Last February, Najran Cement received an export license, valid for one year, from Saudi Arabia’s ministry of commerce and investment.