Sales by 12 Saudi cement firms rose 12.3 percent during the second quarter but the listed manufacturers are not doing as well as non-listed rivals, according to data released by Yamama Cement on Monday.
Saudi Cement Co posted the strongest sales growth among listed firms with a 27.1 per cent rise in the second quarter while Arabian Cement’s sales grew eight per cent, according to the data released by Yamama.
Yamama’s sales rose two per cent while Southern Province Cement achieved a 1.3 per cent rise in cement sales.
Yamama Cement collects sales data from all Saudi cement firms and publishes it on a regular basis.
Overall, cement sales by the 12 existing firms, including exports, stood at 11.42Mt during the second quarter against 10.17Mt a year earlier, the data showed.
For the eight listed cement firms, the sales stood 8.96Mt, an increase of 3.7 per cent over the same period in 2009.