Cement News tagged under: Arabian Cement Co
Arabian Cement second-quarter exceeds analysts’ forecasts21 July 2014, Published under Cement NewsSaudi-based Arabian Cement reported a 60.2 per cent rise in second-quarter net profit to SAR199.8m (US$53.3m), beating analysts' forecasts. Al-Rajhi Capital noted that while most cement companies reported weak sales volumes this quarter, Arabian Cement bucked the trend and reported strong sales dispatches (+44 per cent YoY) as the company was relatively unaffected by the broader sector issues. Arabian Cement's performance to the three months to the end of June 2014 beat Al-Rahji Capita... |
Egypt: Arabian Cement Co IPO over-subscribed15 May 2014, Published under Cement NewsEgypt's Arabian Cement Company's initial public share offer was 18.5 times oversubscribed, an official at advising bank CI Capital told Reuters on Tuesday. The offer raised US$110m with 85.2 million shares sold in the offer, placed at 9 Egyptian pounds ($1.28) per share, said Hesham Gohar, managing director for investment banking at CI Capital, which was co-bookrunner on the offer alongside EFG-Hermes. Arabian Cement said on Sunday it had set the price for its IPO at 9 Egyptian pounds a sh... |
ACC to construct new kiln line, Saudi Arabia22 February 2014, Published under Cement NewsThe managing board of Arabian Cement Co has agreed to boost production at the company’s Rabigh plant in Saudi Arabia by constructing a new kiln line. The new kiln will add capacity of 10,000tpd and is expected to start operations in mid-2017. (Source: SeeNews Middle East & Africa). |
Qatrana Cement workers strike on pay dispute25 June 2012, Published under Cement NewsQatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed an access road leading to the works. According to reports in Construction Week, industrial action lasted for eight day after the ministry of labour interceded to negotiate between workers and factory management. Workers had erected a Bedouin tent across the main gates of the cement plant and demanded an end to ‘lo... |