Riyadh – Mubasher: Eastern Province Cement Company has named Mohammed Saad Butti Al Farraj as the Chairman of the board for four years.
Ibrahim Salem Mohammed Al Ruwais was announced as the Vice Chairman, according to a bourse filing.
The two officials assumed their roles for a new session, which commenced on 29 January 2024 and will end on 28 January 2028.
It is worth highlighting that the company’s board members approved the two appointments during their meeting that was held on 4 February 2024.
In the first nine months (9M) of 2023, Eastern Province Cement recorded 55.79% higher net profits after Zakat and tax at SAR 148 million, versus SAR 95 million.
Earnings per share (EPS) increased to SAR 1.72 in 9M-23 from SAR 1.11 in 9M-22, while the revenues surged by 31.07% to SAR 696 million from SAR 531 million.
