Al-Jouf Cement Initiates Liquidation of Eastern Industrial Company

Al-Jouf Cement Company announced on Tuesday the initiation of liquidation procedures for the Eastern Industrial Company, where Al-Jouf Cement holds a 10% stake. The total investment in Eastern Industrial is valued at 136 million riyals, which includes 6 million riyals in development expenses.

The company anticipates a positive impact on its financial statements upon successful completion of the liquidation, either through the recovery of these investments or a portion thereof. Al-Jouf Cement will provide updates on any further developments regarding this process.