Al Jouf Cement Ratifies Auditor, Board Appointments at OGM

The auditor changes come as Al Jouf Cement reported a net loss of SAR 21.60 million for the first quarter of 2026. Revenue fell to SAR 40.19 million. The company did not provide comparative figures for the same period a year earlier.

The fee adjustment follows a similar move at Tabuk Cement, which corrected its auditor fee to SAR 650,000 after a shareholder vote citing additional audit work. Al Jouf Cement did not detail what the extra costs for the 2025 audit entailed.

Cement demand in Saudi Arabia has been under pressure from a slowdown in private construction activity. Government infrastructure spending has provided a floor for volumes. Pricing remains competitive. Al Jouf Cement, based in the northern region, competes with larger players such as Saudi Cement and Yamama Cement for public and private contracts.

The company is scheduled to release second-quarter results by the end of July. The new auditor will oversee that report.