“Najran Cement” profits to 4.5 million riyals in the second quarter

The profits of Najran Cement Company in the second quarter of 2025 increased by 8.3% to 4.5 million riyals, compared to 4.1 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the high net profit during the current quarter compared to the same quarter of the previous year is due to the rise in sales, the decrease in financing expenses and the rise in other revenues, despite the high administrative and general expenses.
The reason for a decrease in net profit during the current quarter compared to the previous quarter is due to a decrease in sales and the high cost of production inputs.
According to the company’s statement, the reason is that the net profit decreased during the first half of 2025, compared to the similar period of the previous year to the high cost of production inputs and administrative and public expenses despite the high sales and the decrease in financing expenses.

Election of a new council

The results of the ordinary general assembly “The second meeting” of the Najran Cement Company, which was held yesterday, resulted in the approval of the election of the members of the Board of Directors from among the candidates for the next session.
The next session begins from 08/09/2025 AD for a period of 4 years and ends on 08/08/2029.
The elected members are: Fahd Al -Rajhi, Abdul Salam Al -Duraibi, Ali Al -Yami, Majid bin Muslim, Ziyad Al -Jard, Hussein Qaht, Majid Al -Swaij, Abdullah Al -Fifi, Abdullah Al -Shuqair.
The association’s results included: Approval of the recommendation of the Review Committee to agree to the exchange of additional fees for the external auditor, Dr. Mohamed Al -Omari and Co. (BOD) in the amount of 200,000 riyals, in exchange for the additional working hours to examine and review the financial statements of the company for the year 2024 AD.

Extending the loan period with “Al -Rajhi”

The company said: Given the improvement of the financial solvency indicators of the Najran Cement Company and the low percentage of loans to the assets of the parent company (without the subsidiary) to the lowest level in the company’s history and reached only 9.3%, the company worked with Al -Rajhi Bank to discuss options for extending the long -term loan period provided by the bank in Najran Cement Company.
The company obtained the bank’s approval to extend the loan period for an additional two and a half years, and therefore the end of the financing period will be 25-November 2031 m instead of 14-May-2029 m, knowing that the long-term loan balance is 193 million riyals.
Accordingly, the payment schedule was modified, as the next payment boost will be on 1-2026 AD, provided that the rest of the payments are paid in semi-annual installments less than the previous annual installments.
The value of the financing and the re -scheduled part are estimated: the full balance of the loan of 193 million riyals.
The financing period before scheduling is 7 years ending in 14-May-2029 m, and after scheduling: 9 and a half years ends at 25-noufir -2031 m.
It stated that the guarantees provided in exchange for the re -recruitment financing: support for the full value of the financing.