The company works its costs and operating expenses carefully to maintain its high competitiveness in submitting bids for new requests, especially from government agencies and state-owned entities such as the “SWCC” and “Saudi Aramco.” The areas of cost management include the following:
a. Manufacturing efficiency:
The company aims to maintain the high productivity of raw materials by purchasing high-quality materials, maintaining and upgrading its factories, and monitoring manufacturing procedures. Thanks to the company’s possession of modern equipment, its adoption of effective manufacturing procedures, and its application of continuous audit and monitoring systems, the company has a raw material control that market standard, which gives the company a competitive advantage over other competitors.
The company benefits from the volume of its business in obtaining more competitive prices than the prices that some of its competitors.
c. Administrative Expenses:
The company closely monitors and manages its operating and administrative expenses to ensure efficiency, leading to higher profit margins, giving it flexibility and competitiveness in pricing new bids.