Riyadh – Mubasher: Al Jouf Cement Company announced the results of its ordinary general meeting (OGM) held on 30 June 2026, where shareholders representing 29.62% of the company's capital approved the appointment of RSM Allied Accountants as the external auditor.
The firm will audit the financial statements for the second, third, and fourth quarters of 2026, as well as the first quarter (Q1) of 2027, for a total fee of SAR 525,000 excluding VAT.
Shareholders also approved a request to increase audit fees for 2025 and Q1-26. The previously approved fee of SAR 315,000 was adjusted to a total of SAR 395,000 to compensate for additional costs related to the audit of the financial statements for the period ending 31 December 2025.
The assembly ratified several board appointments made during the current term, which is scheduled to conclude on 5 August 2027. These include the appointments of Hani bin Suleiman Al Saleh, Saleh bin Mohammed Al-Rashid, Issa bin Yaslam Baissa, Ayman bin Hilal Al Jaber, Bakr bin Atef Sindi, and Abdullah bin Mohammed Al Kubraish.
The meeting also included the review and discussion of the board and auditor reports for 2025.
At the end of March 2026, the Saudi cement manufacturer incurred net losses worth SAR 21.60 million, while its revenue decreased to hit SAR 40.19 million.
