Northern Region Cement obtains cement export license

Northern Region Cement Co. has received a cement export license, valid for one year, from Saudi Arabia’s Ministry of Commerce and Investment, the cement producer said in a statement to Tadawul.

The relevant financial impact will be revealed later.

Saudi Arabia recently approved a new system to calculate fuel price differentials for steel and cement producers that export their products, Argaam earlier reported.

Cement export charges are estimated between SAR 85 and SAR 133 per ton, while steel export fees are estimated between SAR 58 and SAR 390 per ton.