Hamad Al -Quraya, CEO of the United Industries Firm
He mentioned Hamad Al ExcessiveCEO of the corporate United Minute Industries – Knowledgeable in development, the corporate will quickly announce the operation of a brand new line to supply gypsum panels, which can elevate the manufacturing capability to 60 million sq. meters, anticipating a lower in manufacturing prices basically, which can replicate positively on the corporate’s revenues and earnings within the close to future.
Al -Soraya added in an interview with Al -Arabiya, that the excessive prices and the lower in demand impact the corporate’s manufacturing by 10% within the first half 2025.
He mentioned that the rise within the outstanding demand within the second half will likely be accompanied by a rise in costs, and this enhance in costs will take up the rise in vitality prices.
He defined that the corporate is presently increasing in Iraq and Syria with the research of the entry of African and India markets with the assist of accelerating manufacturing capability, and can have the ability to compete.
He identified that the transition plan to the primary market is below implementation after the appointment of a marketing consultant for the operation, and the corporate will apply for a circulation on the earliest alternative.
In accordance with knowledge numbersThe corporate’s earnings decreased to 10 million riyals by the tip of the primary half 2025, in comparison with the earnings of 11.9 million riyals that have been achieved throughout the identical interval in 2024.
