According to Arab Net, the company said in a statement that net profit returns to low operational and financing costs and the high quantities of sale despite the lowest selling prices.
The company's operating profit rose 11.46% during 2020, to about 228 million riyals, compared to 204.6 million riyals in 2019.
Sales fell 0.62% to SR 590.29 million during 2020, for about 594 million riyals in 2019.
The Extraordinary General Meeting of the Company held on 28 December 2020, agreed to amend article 2 of the platform system on changing the company from the Saudi White Cement Company to Riyadh Cement Company, after all regular approvals related to the change of the Commercial Register Statements.
