Cement News tagged under: Yamama Cement

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Yamama Cement signs SAR1.633bn financing agreement

04 April 2022, Published under Cement News

Yamama Cement Co signed a Shariah-compliant financing agreement  on 31 March for SAR1.663bn (US$435.4m) with Saudi National Bank, the cement producer said in a statement to the Tadawul.  The agreement covers long-term financing of SAR800m, for a period of eight years (including three years of grace period), and refinancing part of the existing long-term loans amounting to SAR563m, for a period of four years to repay part of existing loans. It also includes short-term financing of SAR...

Aggregate Saudi Arabian Cement sales fall 7% in December

11 January 2022, Published under Cement News

The aggregate sales of 17 Saudi cement producers decreased by seven per cent to 4.8Mt in December 2021, from 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co. In terms of local sales, 14 companies witnessed a sales drop, led by Northern Region Cement Co with a decline of 58 per cent YoY. It was followed by United Cement Co and Hail Cement Co with YoY decreases of 34 and 27 per cent, respectively. Argaam reports that Yamama Cement, Tabuk Cement...

Yamama Cement Co makes early loan repayments

16 December 2021, Published under Cement News

Yamama Cement Co announced the early repayment of SAR130m (US$34.6m) worth of two loan installments to Saudi Industrial Development Fund (SIDF), according to a bourse filing.   The company has an outstanding debt balance of SAR1.178bn, reports Argaam. The repayment of the two installments, which were due in 2022, was financed from the company’s available cash. The early repayment is in line with the company’s strategy aimed at boosting its financial efficiency.

Yamama Cement Co sees 32% decline in sales

19 October 2021, Published under Cement News

Saudi Arabia’s Yamama Cement Co has posted a 31.6 per cent YoY decline in sales to SAR170.7m (US$45.52m) in the quarter ending 30 September, compared to SAR249.65m in the year-ago period. Net profit was down 58.1 per cent YoY to SAR39.97m from SAR95.32m. In the first nine months of the year, sales fell 21.7 per cent YoY to SAR553.5m while net profit declined 36.1 per cent to SAR172.5m.

Yamama Cement signs financing agreement

29 March 2021, Published under Cement News

Saudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in short-term financing. The long-term financing is over a period of five years and is expected to settle other banks’ obligations and improve financial efficiency, while the short-term facility is for one year and will finance Yamama Cement’s working capital.

Saudi cement sector reports positive 1Q20

17 April 2020, Published under Cement News

Despite the ongoing coronavirus pandemic, the Saudi cement sector has reportedly seen a 33 per cent YoY average increase in cement market volumes during the 1Q20, according to an Al Rajhi Capital report. Qassim Cement saw the highest growth at 53 per cent, followed by Yanbu Cement and Yamama Cement with rises of 43 and 38 per cent, respectively.   However, restrictions imposed by the government have resulted in project delays, which may directly impact cement demand and cause under-uti...

Yamama Cement sees revenue surge 73% in the 3Q19

16 October 2019, Published under Cement News

Saudi Arabia’s Yamama Cement Co has returned to profit in the 3Q19, posting a SAR45.7m (US$12.1m) profit against losses of SAR46.3m in the year-ago quarter. Revenue also surged 73.1 per cent YoY to SAR186.5m. In the first nine months of 2019, net profits reached SAR178.5m compared to a SAR58.7m loss in the 9M18. The company also recorded a 56.8 per cent YoY increase in revenue to SAR565.7m from SAR360.8m.

Yamama Cement reports 47% net profit increase in 2Q19

31 July 2019, Published under Cement News

Saudi Arabia’s Yamama Cement has recorded a 46.6 per cent YoY increase in net profit for the second quarter of 2019, rising to SAR53.2m (US$14.19m) from SAR36.3m. The company’s sales saw a similarly positive result, advancing 47.6 per cent to SAR165.3m against SAR112m of the 2Q18.

Saudi sales rise in June 2019

12 July 2019, Published under Cement News

Cement sales in Saudi Arabia increased 20 per cent YoY to 2.55Mt in June 2019, compared to 2.13Mt in the same month last year, according to data compiled by Yamama Cement Co. Only four cement producers out of 17 in total reported lower sales for the month. Tabuk Cement saw the largest decline (-27.9 per cent to 57,000t), followed by Hail Cement (-21 per cent to 64,000t) and Yamama Cement (-13.4 per cent to 219,000t). However, 12 manufacturers reported an increase in sales. This was led by...

Yamama on track to the future

15 November 2018, Published under Cement News

Designed for a clinker capacity of 20,000tpd, Yamama Cement Company’s new plant complex is currently the largest cement project in the Middle East. For the cement company and its EPC contractor thyssenkrupp Industrial Solutions, the project is now entering the home straight. By thyssenkrupp Industrial Solutions AG, Germany. Construction on Yamama Cement’s new 20,000tpd plant at Alhalal Alshamalia, Saudi Arabia, is well under way Yamama Cement, one of the oldest and largest cemen...