FUJAIRAH CEMENT INDUSTRIES P.J.S.C o uil ol-----tLlu-o
' HEAD OFFICE
P.O. Box : 600. FUJAIRAH - n • ■ :
UNITED ARAB EMIRATES 3.1>~U 4_u^jJI CjljLfl^l
Tel.: 09-2223111 . x-yy'yVa a a
Fax:09-2227718 Web Site: www.fujairahcement.com :cJjjsyi -i-yyyvvaa
Email:hofci79@fciho.ae hofci79@fciho.ae jjj-JI
Disclosure & Compliance Section
Market Operations Surveillance Department
Abu Dhabi Securities Exchange
Respected,,,
The results of the Board of Directors meeting
Date 10 AUG 2023
Name ol the Listed Company Fujairah Cement Industries (PjSC)
Date and day of the meeting: Thursday, 10 08/2023
The starting time of the meeting 11:30 AM
The ending rime of the meeting 2:00 PM
Number of board members present 11
Quorum achieved (%) 100%
1- Approx al of the minutes of last meeting.
2- Reviexving General Manager's report,
performance of the companx for the period
Decisions / Resolutions of the meeting
ended 30/06/2023.
3- Approval of the financial statements for
the period ended 30/06/2023.
CC: SCA
FACTORY : P. O. Box : 11477, Dibba, Fujairah Lj - " ivv :
U.A.E.
SjjcjJJ CjljLoyi
Tel.: 09-2444011 ■ ‘t-Y 41t • A A :
Fax : 09-2444016,2444061 ISO 9001:2008 • —Y S. 11 . n X , • WU 4 • A - :
Email: fujcem82@eim.ae Ccrttflcalc fujcem82@eim.ae : jj>JI
No. I0A-0072.FUJAIRAH CEMENT INDUSTRIES P.J.S.C —9^ ol-----cLl^
HEAD OFFICE 4^'
RO. Box: 600, FUJAIRAH " Sj^l- i • • : <-j.^
UNITED ARAB EMIRATES 5-Aj.I 4^1 oljL^I
Tel.: 09-2223111 • VYYYrm zj^
Fax:09-2227718 Web Site: www.fujairahcement.com : <rGyGyi •i hyvyu z^ls
Email:hofci79@fciho.ae hofci79@fciho.ae -u>Jl
Discussion report and analysis of the board of directors
Date 10 th August 2023
Name of the Listed Company Fujairah Cement Industries PJSC
The period of the financial statements covered by the report 6 Months ended 3O'h June 2023
Overview of the main results during the financial period Loss reported for the period — (AED 62,055,829)
Securities issued during the financial period
Summary of the most important non-financial events and
developments during the financial period
Summary of operational performance during the financial Revenue for the period H1 2023 is 179,835,861 (Revenue for
period the period is marginally higher than compared to H1 2022)
Revenue for the period — AED 179,835,861
Gross Loss for the period — (AED 21,501,074)
Selling & Distrb. Costs - (AED 15,115,796)
Summary of profit and loss during the financial period General & Admin. Costs - (AED 6,299,244)
Finance Costs — (AED 20,796,110)
Other Incomes — AED 1,656,395
Net Loss for the Period - (AED 62,055,829)
Non-Current Assets - AED 1,189,985,141
Current Assets — AED 365,323,715
Total Assets - AED 1,555,308,856
Summary of financial position as at the end of the financial
Equity & Reserves — AED 625,319,608
period
Non-Current Liabilities — AED 420,304,242
Current Liabilities — AED 509,685,006
Total Equity & Liabilities —AED 1,555,308,856
Cash and Bank Balance as at 01.01.2023 — AED 1,323,554
Cash Flow from Operating Activities — AED 69,218,736
Summary of cash flows during the financial period Cash Flow from/used Investing Activities — (1,436,447)
Cash Flow from Financing Activities — (AED 61,223,087)
Cash and Bank Balance as at 30.06.2023 — AED 7,882,756
Gross Loss Ratio - (11.96%)
Net Loss Ratio - (34.51%)
Main performance indicators
Cash Loss Ratio — (15.80%)
Loss Per Share (UAE Dirhams) — (0.174)
Expectations for the sector and the company's role in these
expectations
Page 1 of 2
FACTORY : P. O. Box :11477, Dibba, Fujairah L>J - ' 1 iVV : '■
U.A.E. 3 J-alLI d_ujjJl cjljLa^l
Tel.: 09-2444011 •°~Y tit • \ \ : ^Ls
Fax : 09-2444016, 2444061 ■ l-Y i t i • 3 \ , • A-Y U ‘ \ ; ^Li
Email: fujcem82@eim.ae Certificate fujcem82@eim.ae : -u>J'
No. 10A-0072.FUJAIRAH CEMENT INDUSTRIES P.J.S.C
HEAD OFFICE 3
P.O. Box : 600, FUJAIRAH
UNITED ARAB EMIRATES O-LauJJ AujyJl CjljLa^ l
Tel.: 09-2223111 . “\-YYYn \ '
Fax: 09-2227718 Web Site: www.fujairahcement.com : cJyisyi • ‘Y-YYYVVYA -.JuSlb
Email:hofci79@fciho.ae hofci79@fciho.ae jj^JI
Increasing inflation due to current Geo-Political situation has
increased the cost of fuel and energy across the globe which
has adversely affected the profitability of cement plants.
Recent decrease in coal prices and expected downtrend will
Expectations regarding the economy and its impact on the reduce the production cost of clinker and cement. But the
company and the sector downside of clicker market is a main concern. The cement
market is relatively stable and our goal is convert the clinker
sale to cement.
There is an improvement showing in the UAE real estate
sector.
The factoiy has obtained BIS Certification from India which
will help to expand its market to India. Cement Sales to Oman
is also increasing. Coal cost is expected to reduce further
from its 2022 peak which will also help the industry to
achieve optimum production costs.
Our new sale opportunity of 2ton JUMBO bags project will
Future plans for growth and changes in operations in future
open a new vista in US market. We are eying at a tonnage of
periods
48,000 tons per month in the first phase and 88,000 tons at
the 2nd phase. We have started export of bulk cement to
Yemen &Sur in Oman.
Export of steel grade limestone to India and other potential
markets will open a new business vertical which can add
values to our existing line of business.
The size and impact of current and projected capital
AED 1.368 million for the 6 months ended 30.06.2023
expenditures on the company
The developments of the implementation of projects, plans
and transactions and deals that were discussed by the The ready Mix Unit constructed at Al Hayl Free Zone,
company's board of directors in the report for the previous Fujairah has started operations in March 2022.
fiscal year
Saeed Ahmed Ghareib Alsereidi
General Manager
Page 2 of 2
FACTORY : P. O. Box :11477, Dibba, Fujairah Lj - \ Y tW : : £—
U.A.E. 34-ujjJI oljLs^ll
Tel.: 09-2444011 • n-rtu-n : _^Ls
Fax : 09-2444016, 2444061 • <\-rit t • ny , ■ a-y t u • \n :
Email: fujcem82@eim.ae Certificate fujcem82@eim.ae : ^y&WI jj>JI
No. 10A-0072.

Sentiment: positive