Saudi Industrial Export Co. (SIECO) extended a contract with Al Jouf Cement to export 72,000 tons of cement to Jordan for another year, the company said in bourse statement.
The contract extension will start as of Nov. 27, 2019, while the financial impact of the deal will be disclosed by 2020-end, the statement added.
In October 2017, Al Jouf Cement has signed a memorandum of understanding (MoU) with SIECO to export its cement products outside the Kingdom. One month later, both companies inked an agreement to export 72,000 tons of cement to Jordan annually.
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