Lime Industries, subsidiaries hold over 50% market share: CEO

Fahad Al Rashidi, CEO of Saudi Lime Industries Co.

Saudi Lime Industries Co. CEO and board member Fahad Al Rashidi said the company and its subsidiaries now hold a market share exceeding 50%, reflecting strong customer confidence.

Speaking at Argaam Connect initiative, he noted that the recent fuel price adjustments could raise production costs, with the financial impact is expected to appear in H1 2025 results.

He highlighted that Saudi Lime Industries and its subsidiary joined the Industrial Competitiveness Program in 2024 to help mitigate costs and enhance energy efficiency.

The company is revising product pricing, along with implementing cost-cutting and efficiency measures to offset the impact of the fuel price hike, he added.

The company is optimizing thermal and electrical energy use through advanced technologies and improved equipment efficiency.

Key targets this year include boosting factory efficiency to lower costs, expanding market share, and driving revenue growth. A fuel displacement project at a Riyadh plant is also progressing.

The transition from fuel to gas is expected to stabilize production costs and support environmental sustainability, he explained.

Lime Industries is committed to advancing the lime industry through continuous development and value-driven opportunities.

The company has a clear strategy to upgrade its plants while meeting global quality, health, and environmental standards.

On Argaam Connect’s role in investor relations, Al Rashidi praised Argaam’s professionalism in fostering engagement and strengthening communication across stakeholders.