Riyadh – Tabuk Cement Co. is in talks with the Bangladeshi government to export clinker to the Asian country.
The financial impact of the deal will be recorded in the company’s statements for the first quarter of 2019, Tabuk Cement’s chairman Saeed bin Saeed Obaid said on Wednesday.
The company’s clinker inventory will decline to 1.2 million tonnes following the execution of the deal, he added.
Obaid expected that his company will achieve profits at the end of 2019.
Tabuk Cement reported a 57.2% year-on-year loss increase during the third quarter of 2018.
Tabuk Cement suffered a net loss of SAR 19.19 million ($5.12million) after calculating Zakat and Tax by the end of Q3-18, up from SAR 12.2 million ($3.25 million) in Q3-17.
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