Cement News tagged under: Umm Al Qura Cement
Umm Al Qura Cement Q3 losses widen 75%, Saudi Arabia19 October 2015, Published under Cement NewsUmm Al Qura Cement posted SAR1.7m (US$0.45m) in net loss for the third quarter of 2015, a rise of 75 per cent from SAR6.9m (US$1.8m) logged in the same period a year earlier. Net loss for the first nine months of 2015 amounted to SAR14.1m, compared with SAR29m in the corresponding period of 2014. |
Umm Al Qura Cement signs deal with CNBM International Engineering08 September 2015, Published under Cement NewsUmm Al Qura Cement has signed an agreement with CNBM International Engineering to operate a cement production line, the company said in a bourse statement on Monday. The SAR32m (US$8.5m) agreement covers the experimental operational period and first year of operation. The deal will be financed from the company’s cash sources. |
Umm Al Qura set to raise US$73m via float09 April 2014, Published under Cement NewsUmm Al Qura Cement is to raise over SAR275m (US$73m) in cash by selling 27.5m shares at SAR10 each via a flotation on Saudi Arabia's stockmarket, Tadawul. The shares are expected to be floated by the new Riyadh-based cement supplier at the end of April, and a prospectus will be published in advance. Saudi Arabia's Minister of Commerce and Industry Dr Tawfiq bin Fawzzah Al-Rabiah said that half of the shares will be sold to the general public, with the rest retained by the project's partn... |