Saudi Arabia’s City Cement has reported a 61 per cent YoY increase in net profit to SAR180.9m (US$48.2m) in 2019, rising from SAR112.3m in the previous year.
The company’s total sales also advanced 54.1 per cent to SAR531.4m from SAR344.9m.
Hima Cement emerges as leading contender to acquire Khayah Cement
Hima Cement , the East African producer owned by Uganda’s Sarrai Group, has emerged as the lead...