The Saudi Industrial Export Company (exports) incurred losses amounting to 12.6 million riyals in 2019, compared to profits of 6.4 million riyals in 2018.


According to ArabiaNet, the company said in a statement that the reason for achieving the losses is due to the high competition in the target global markets and the weak global demand for raw materials, which led to lower sales, in addition to higher general expenses, as well as lower other revenues compared to the previous year of 2018.