Al Jouf Cement signs SAR 104.2M contract with Webuild SpA

Al Jouf Cement Co. signed on July 23 a contract worth SAR 104.2 million, excluding VAT, with Webuild SpA to sell cement to the latter for NEOM projects

The contract duration is 41 months from the signing date, the cement producer said, adding that the contract is subject to increased quantities.

The financial impact will be positive on the company’s results starting from the third quarter of 2024 until the end of the contract.

There are no related parties to the deal, the statement noted.