Cement News tagged under: Umm Al-Qura Cement Company

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Umm Al-Qura Cement Company granted limestone exploration license

29 December 2021, Published under Cement News

Umm Al-Qura Cement Company, Saudi Arabia, announced the issuance of an exploration license for limestone on 28 December 2021 from the Ministry of Industry and Mineral Resources. The license location is situated between Taif and Radwan. This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 10/19/1441 AH and its executive regulations. The company will carry out the necessary exploratory studies on the new quarry during the statutory...

Umm Al-Qura Cement appoints new CEO

25 August 2021, Published under Cement News

Saudi Arabia's Umm Al-Qura Cement Co has announced the appointment of Majid Tariq Salah Gharbawi as CEO, effective from 20 October.   Mr Gharbawi has more than 17 years of experience in the financial and banking sector. His professional career includes many administrative and leadership positions within private banks. He holds a Bachelor of Science in Business Administration, majoring in financial management, from the University of Southern California, in addition to many specialised cer...

Umm Al-Qura Cement secures US$13.3m bank loan

13 October 2017, Published under Cement News

Umm Al-Qura Cement Company of Saudi Arabia has signed a key Islamic financing agreement with Riyad Bank to secure a SAR50m (US$13.3m) loan. The loan will be used for funding an increase in working capital as well as the capital purchases, the company said in a filing to the Saudi bourse Tadawul.

 The company has a factory near Taif city with a clinker production capacity of 1.98Mta.

Umm Al-Qura signs financing agreement, Saudi Arabia

22 July 2014, Published under Cement News

Umm Al-Qura Cement Company announced the signing of an Islamic financing agreement with The Saudi British Bank (SABB) on 22 July for SAR 618.874m. The financing has a tenor of three years and is for specific project financing needs.