Tabuk Cement Co sees profits fall by 65% in 2021

Saudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales.

Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, according to a bourse filing. This came as sales fell by 17.3 per cent to SAR229m.