City Cement drops plans to acquire Umm Al-Quara Cement
City Cement Co. announced that it has completed all studies related to a potential acquisition of Umm Al-Qura Cement Co (UACC) and has decided not to proceed with the transactio...
City Cement
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City Cement to assess position after CMA reject application to acquire Umm Al Qura Cement
Saudi Arabia’s City Cement Co has had its plans to acquire 100 per cent of the shares held by Umm Al Qura Cement Co (UACC) via a share swap arrangement put on hold. The Capital ...
City Cement Co of Saudi Arabia announces the reappointment of the Chairman
City Cement Co of Saudi Arabia has announced the reappointment of the Chairman of the Board of Directors (BoD) and his deputy for the current session. In a recent notification t...
City Cement signs JV with Next Generation SCM
Next Generation SCM, a provider of low carbon supplementary cementitious material (SCM), and Nizak Mining Company, fully owned by Saudi Exchange-listed City Cement ( Al Abdullat...
City and Umm Al-Qura Cement agree to date extension of swap deal
City Cement Co last week announced an update at the Saudi Stock Exchange (Tadawul) regarding extending a non-binding Memorandum of Understanding (MoU) concerning a securities sw...
City Cement predicts 8% cost increase
City Cement has said that its total costs are expected to advance by eight per cent following the increase in the price of fuel products used in cement products that was announc...
City Cement sets up AF joint venture
Saudi Arabia-based City Cement Co has announced that its subsidiary Green Solutions for Environmental Services has set up a joint venture to produce alternative fuel from waste,...
City Cement revenue falls 13% YoY in 2Q23
Saudi Arabia’s City Cement has posted revenue of SAR77.8m in the second quarter of 2023, down 13 per cent YoY. Net income over the same period fell 2.2 per cent to SAR24.3m, whi...
City Cement reports drop in net profit in 2022
Sales of Saudi-Arabia-based City Cement saw a 13.1 per cent fall to SAR431.4m (US$115m) in 2022 from SAR496.7m in 2021, reports Reuters. Net profit after zakat and tax was down ...
City Cement posts 26% drop in 2Q sales
Saudi Arabia-based City Cement Co saw a 50.1 per cent drop in net profit after zakat and tax to SAR24.8m US$6.61m) in the second quarter of 2022. In the 2Q21 net profit after za...