Cement News tagged under: Saudi Cement Co
Saudi Cement Co unveils new brand identity22 October 2015, Published under Cement NewsSaudi Cement Co has launched a new brand identity an event which also marked company's diamond jubilee. Present at the ceremony were senior government officials, businessmen, suppliers and clients. According to a statement, the company chose to evolve its brand and motto in order to reflect a new identity and pledge its commitment to clients. Chairman Khalid bin Abdul-rahman Al Rajhi said the launch of the new identity confirms that Saudi Cement is looking forward to a brighter future. He ... |
Saudi Cement Co 4Q net profit up 8.91%15 January 2015, Published under Cement NewsSaudi Cement Co has posted a 8.91 per cent rise in fourth-quarter net profit to SAR269m (US$71.7m) from SAR247m and 16 per cent QoQ from SAR232m. The YoY rise in fourth-quarter net earnings was attributed to higher sales due to improved local demand. The cement producer reported SAR1075m net profit for the fiscal year 2014, a decline by four per cent from SAR1124m a year earlier. The company ascribed the lower cement sales to lower local demand and an increase in selling and distribution ex... |
Saudi Arabia: weak demand keeps Hofuf kilns closed22 September 2014, Published under Cement NewsSaudi Cement Co said it would not restart the two refurbished kilns at its Hofuf plants as the company currently has a high inventory level and market demand remains weak. “The feasibility of operating these two kilns shall be reconsidered whenever market conditions warrant that,” the statement said. The company expects to record annual depreciation charges of about SAR7.6m (US$2m) related to the kilns from 4Q14 onwards. In the year to August Saudi Arabia’s largest cement producer h... |
Saudi Cement recommends SAR3.5/share for 2H1310 February 2014, Published under Cement NewsSaudi Cement Co said that its board had recommended a cash dividend of SAR3.5/share (US$0.93) for the second half of 2013. This is the same as the dividend paid in the corresponding period of 2012. The company reported an eight per cent fall in fourth quarter profit, which the company blamed on lower sales and rising raw material costs. |
Saudi Cement net profit rises on improved efficiency16 April 2013, Published under Cement NewsSaudi Cement Company said net profit in the first quarter of 2013 rose 4.5 per cent YoY, attributed to an increase in output thanks to improved operating efficiency. Net profit for the three months ending 31 March 2013 reached SAR340.3m (US$90.6m), compared to SAR325.6m posted in the same period of last year. The increase was also a 22.5 per cent rise on the SR277.7m recorded in the previous quarter, the company said in a filing to the Saudi bourse. The QoQ advance was attributed to in... |
Saudi Cement fined by Capital Markets Authority, Saudi Arabia28 May 2012, Published under Cement NewsSaudi Arabia's Capital Markets Authority (CMA) has fined four listed companies a total of SAR225,000 (US$60,000) including one cement producer for contravening the rules of the Arab world's largest bourse. Saudi Cement Co was ordered to pay SAR50,000 for failing to include its governance rules in its annual results. The kingdom's market regulator has asserted more control over the stock market over the past few years to "eradicate manipulative and speculative trading, and attract more s... |