The CEO of Saudi Lime Industries Company, Ahmed Alioua, stated that the company’s production and design capacity is sufficient to meet the growing demands of the construction market, and that it is currently working on an ambitious project to achieve full digital transformation by automating all production and administrative processes in the company.
Alioua added in an interview with Argaam that the company invested approximately SAR 60 million in the replacement, renewal, and maintenance of equipment, furnaces, and additional production lines, which directly contributed to increasing operational efficiency and resulted in a 7% increase in net profit for the six months ending on June 30, 2022.
He pointed out that the company owns its own production and inventory quarry, which represents a hedge against fluctuations in the prices of the raw material stone among suppliers, providing stability in product quality. The company also owns “Saudi Lime Sand Brick and Building Materials Factory” in Jeddah, which ensures sustainable growth and ensures the best results.
Alioua considered that the company is one of the first and most experienced manufacturers in the Kingdom over the past 46 years in the production of lime sand bricks and blocks, and that it holds licenses to exploit two mines, each with an area of 1 million square meters.
He confirmed that the company has shown great flexibility in accelerating the wheel of development and the digital transformation process, enabling it to achieve its strategy, enhance its market share, and grow its operational business and financial results. The company achieved a total profit of about SAR 49 million during the years 2020 and 2021, and more than SAR 60 million successively.
He added that the company achieved a total profit of approximately SAR 30 million for the six months ending on June 30, 2021, and about SAR 34 million for the same period in 2022, with profit margin rates of about 48% and 46% compared to the same periods of 2021, reflecting the company’s success in maintaining its operational and financial performance levels.
Alioua stressed the company’s keenness to use the best types of raw materials and to ensure that its block and brick products conform to the highest international standards and specifications, in addition to adopting a distinctive approach in modernizing, developing, and expanding factories.
He pointed out that the company’s board of directors is keen on strategic expansion and sustainable growth by establishing an integrated distribution system that can deliver products at competitive prices on both the local and international levels.
Alioua noted that the company’s board of directors distributed profits to shareholders for the fiscal year ended 2021 in the amount of SAR 10 million, or half a riyal per share and 5% of the capital. The company’s total assets reached more than SAR 299 million on June 30, 2022, compared to more than SAR 304 million for the same period in 2021.