Southern Cement improves market supply

Southern Cement Company Chairman Prince Abdullah bin Musaed bin Abdurrahman Al-Saud said the company has started implementing the royal decree related to cement prices.

Addressing the company's General Assembly meeting held yesterday at the general administration building of the company in Abha, the prince said that the availability of additional fuel has enabled cement factories to produce more and improve its market supplies, thus checking the price-rise.

The meeting approved distribution of SAR875m profits for the shareholders for 2011. (Source: Zawya).