Northern Cement inks white cement marketing agreement

Northern Region Cement Co. has inked a marketing contract with Al Rashed Cement Co. at market price, the Saudi cement producer said in a bourse filing.

Under the one-year agreement, Al Rashed Cement will distribute and market the Northern Cement Company’s production of the white cement.

The relevant financial impact will reflect on the Saudi cement producer’s Q4 earnings.

No related parties are involved in the deal.

In August, Northern Cement started production of white Portland cement at its white cement project through converting some production lines.