‎ Saudi Lime sole producer of sand lime bricks, meets 100% of local demand: CEO

‎ Saudi Lime sole producer of sand lime bricks, meets 100% of local demand: CEO

Saudi Lime Industries Co. meets 100% of Saudi market demand for bricks and blocks. It is also the sole manufacturer of sand lime bricks, operating with a production capacity of 50,000 cubic meters annually, CEO Ahmed Elewa told Argaam in an exclusive interview.

The company also fulfills 50-60% of local market demand for lime products, which are used by most vital industries such as mining, petrochemicals, downstream, water treatment, agriculture, and foods.

Saudi Lime reported a 15% rise in 2022 net profit, compared to a year earlier. The better figures were buoyed by higher selling prices amid an increase in raw material and shipping costs, and the company’s cost control.

Saudi Lime is studying opportunities to acquire existing entities or expand its factories, Elewa revealed, providing more insight into the company’s production capacity, major contributors to revenue and profit, the impact of raw material cost on end products and the use of its IPO proceeds.

Here’s the full interview with Elewa:

Q: First, can you offer more insight into the lime and carbonate sectors and the industries that use them?

A: The lime and carbonate sectors serve as one of the key industrial sectors, on which most industries directly or indirectly rely. The most important sectors