Saudi’s Yanbu Cement

Saudi’s Yanbu Cement
Published: 14 July 2004

Yanbu Cement Co. announced that its first half net income grew by 16 percent to SR 214.3m (US$57.14m) from the same period a year earlier. The company reported its first quarter net income, after Zakah, rose 16 percent from a year earlier to reach SR 104.9m (US$28m,).Yanbu Cement is Jeddah-based and is 78.9 per cent owned by the private sector and 21.1 per cent by the government.