Saudi-Arabia-based Arabian Cement has reported net profits after zakat and tax of SAR181m (US$48.3m) in 2022, representing a YoY increase of 12.1 per cent from SAR161.5m.
The company saw a six per cent decline in revenues to SAR970.9m in 2022, up from SAR1.03bn in 2021.
Earnings per share grew to SAR1.81 from SAR1.62 in 2021.

Titan Cement completes sale of 75 per cent of Turkish subsidiary
Greece-based Titan Cement Co SA has completed the sale of 75 per cent of Adocim Cimento Be...