‎Riyadh Cables Group Company’s CEO: The company holds 32% market share in Saudi Arabia, and the profit is unaffected by metal price fluctuations

‎Riyadh Cables Group Company’s CEO: The company holds 32% market share in Saudi Arabia, and the profit is unaffected by metal price fluctuations

Riyadh Cables Group Company (RCG) share in the Saudi and UAE cables market is estimated at 32% and 22%, respectively, CEO Borjan Sehovac told Argaam in an interview.

Despite fluctuations and changes in global metal prices, the company’s profits, during nearly four decades of operation in the cable industry, remained intact, as Riyadh Cables relies on a hedging policy, Sehovac added.

The group contributes to environmental sustainability through recycling materials in six raw materials factories.

Sehovac highlighted the size of the Kingdom's cable sector, as well as the company's products and targets. He also compared the firm's financial indicators with peers in the sector.

Here’s the interview with Sehovac:

Q: Could you highlight the performance of the cable sector in terms of size and products? What factors can influence product prices?

A: The Saudi and GCC cable markets are estimated at SAR 12.5 billion and nearly SAR 15 billion annually, respectively. These markets will likely grow to almost SAR 18.7 billion and SAR 20 billion by 2027, according to ADL Market Research.

The cable sector has a variety of products, including underground and overhead high and extra-high voltage cables that are used in the electricity generation and transmission sector, in addition to medium and low-voltage cables that