Qassim Cement to export 120,000t of cement to Kuwait

Saudi Arabia’s Qassim Cement Co has signed an agreement with Kuwait-based Al-Arada Building Materials Co to export 120,000t of cement.

While no value for the deal has been released, the related financial impact is expected to show later in the year. The deal came into effect on 1 March and will be valid until the end of 2019, according to a bourse statement.