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2026-11-11T14:19:35.927Z

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Jouf Cement losses rise

Jouf Cement losses rise

Jouf Cement Company’s net losses rose 10.46% year on year in the third quarter of 2026 to SAR 27.74 million, compared with SAR 25.11 million, and increased 13.76% from the previous quarter. The company attributed the loss to lower revenue, despite a decline in general and administrative expenses and zakat expense, as sales fell 24.63% to SAR 41.11 million. In the first nine months of the year, losses rose 15.67% to SAR 73.72 million. Accumulated losses reached SAR 204.57 million, equivalent to 18.82% of the company’s capital.

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