Riyadh Cement Company has issued its Annual Report for 2024, a pivotal year in its journey, during which the company achieved outstanding levels of financial and operational performance — the best recorded in the past nine years.
This achievement is attributed to the carefully crafted strategy adopted by the company’s Board of Directors, focusing on enhancing operational efficiency, increasing production rates, and achieving sustainable growth in sales and profits.
The report highlighted a record growth in the company’s sales, alongside a notable rise in average prices, contributing to unprecedented profit levels since 2016.
This distinguished performance reflects the effectiveness of the company’s strategies in facing challenges and its success in achieving its set objectives.
The report also reviewed the major strategic partnerships the company concluded over the past year, as well as the strengthening of existing partnerships with key stakeholders.
These partnerships are aligned with Riyadh Cement’s objectives of reducing environmental and social impacts through sustainable initiatives that contribute to achieving sustainable development.
In this context, the company aims to minimize its carbon footprint and enhance its energy consumption efficiency, as part of its ongoing commitment to environmental and social responsibility.
Furthermore, the report reviewed the company’s growth in providing reliable services and expanding its projects into more sectors, with a focus on delivering safe and efficient services according to the highest quality standards.
The report also praised the efforts exerted by Riyadh Cement to enhance its community impact through adopting practices that contribute to improving the quality of life for the local community.
The continuous efforts of Riyadh Cement Company in 2024 have resulted in multiple achievements, including receiving numerous local and international awards, as well as certifications in the fields of energy, security, and technology — reflecting its leadership at both the local and regional levels