Publication Date:
Thu, 2005-04-14 03:00
TABUK, 14 April 2005 — Tabuk Cement Company (TCC) has received license to establish a new cement factory north of the Kingdom, according to Tabuk Governor Prince Fahd ibn Sultan, who is honorary chairman of TCC. The governor made this announcement while presiding over a meeting of the company’s general assembly on Tuesday.
The meeting decided to distribute 15 percent of the company’s profit among its shareholders at the rate of SR7.5 per share. Khaled Al-Shathry, chairman of the board, said the company had made a net profit of SR34 million during the first quarter, compared to SR25.6 million during the same period last year.
He estimated the company’s total assets at SR267.5 million in the first quarter of this year.
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