39 Days
Source:
أثير
Has Ras Al Cement regained profitability after three years of crisis?
Resut Cement Company experienced significant financial improvement during the first half of 2026, achieving a profit of 2.71 million riyals compared to a loss of 2.58 million riyals in the same period of the previous year. This turnaround came after years of financial challenges and questionable reports. The company also saw a 26.3% increase in revenues, rising from 41.34 million riyals to 52.20 million riyals. Despite ongoing legal challenges related to financial misconduct, the company is making efforts to restructure its financial and organizational performance to enhance its sustainability.
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