Saudi Arabia: Jouf Cement signs alternative energy deal with China’s CDI

Byrebecca3360

Updated Wed, 21 May 2014 10:24:56 GMT

Jouf Cement said it signed last Thursday an alternative energy utilization program with China’s CDI at a total value of SAR 25,875,000, according to a statement to Tadawul.

The project will be financed from the company’s cash sources and bank loans.

The Tadawul-listed cement producer expects to finalize this agreement on March 15, 2015, with a potential positive impact of SAR 15,000,000 as of June 30, 2015.