Despite the decline in profitability, the company’s revenues grew by 1.7% to reach SAR 564.8 million, compared to SAR 555.5 million for the same period last year, reflecting stable demand for its products — particularly as cement demand across the Kingdom grew by 13%, and by over 18% in the Riyadh region.

Eng. Shoeil bin Jarallah Al-Ayed, CEO of Riyadh Cement, stated that the results reflect the company’s resilience and strategic focus despite market challenges, noting that “the company’s strategic location near major projects in Riyadh enables it to capitalize on the growing demand driven by Saudi Vision 2030 initiatives.”

The company also reported a 24% increase in white clinker production, enhancing its competitive position in a market characterized by intense competition and price fluctuations. Its sales portfolio was distributed as 35% for housing projects and 65% for major developments such as Qiddiya, King Salman Park, and Diriyah Gate.

Riyadh Cement continues to invest in improving operational efficiency while maintaining a stable market share of 6.3%.