Al Jouf Cement Co has signed a contract with Mohammed Shahi Al-Ruwaili Contracting Est to supply all types of cement and clinker for export to Syria. The agreement, valued at SAR38m (US$10.1m), exceeds 10 per cent of Al Jouf's total revenues as per its latest financial statements.
The contract, signed on 20 January 2025, will run for one year, beginning 1 February 2025 and concluding on 28 February 2026. The deal is expected to positively impact Al Jouf’s financial statements from the 1Q25 through the 1Q26.
This agreement marks a significant step in Al Jouf Cement's export strategy, aligning with its goal to expand its presence in key regional markets.
