Al Jouf Cement renews export license for one year

Al Jouf Cement has renewed its exporting license for one year as of Feb.15, 2018, the Saudi cement producer said in a statement to Tadawul.

Relevant financial impact will be announced in due course.

Saudi Arabia canceled in early February, fees applicable to cement exports in order to help producers reduce mounting inventories.

A top industry official told Argaam last week that local producers were keen to take advantage of the opportunity.