RAK White Cement board approves delisting from Boursa Kuwait
The board of Ras Al Khaimah Co for White Cement and Construction Materials has approved the delisting of the UAE company’s shares from Boursa Kuwait. The company retains its lis...
Kuwait
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Kuwait Portland Cement orders new ship unloader from Bruks Siwertell
Bruks Siwertell has won a new order from Kuwait Portland Cement Co for an ST 490-M ship unloader. It is expected to join another cement handling Siwertell ship unloader in Shuai...
Kuwait Portland Cement records 7% fall in profit
Kuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total opera...
Sharjah Cement receives approval to delist
UAE-based Sharjah Cement has received the approval of the Capital Market Authority (CMA) to voluntarily delist from Boursa Kuwait. On 30 April 2020, the ordinary general meeting...
Building on diversification Premium
Kuwait has seen its economy heavily impacted by the crisis in oil prices, a lack of diversity and the COVID-19 pandemic. A lack of investment in infrastructure has further seen ...
Suez Cement sells 51% stake in Hilal Cement
Suez Cement (HeidelbergCement group) has offered its 51 per cent stake in Hilal Cement Co of Kuwait for sale through the Kuwait Bourse on 24 January 2021. The Board of Directors...
ACICO Cement awards Cemengal second cement grinding unit contract
Cemengal has been awarded the contract for the supply a second cement grinding unit by ACICO Cement, Kuwait. The contract includes a 5200 Kws ball mill, fully engineered by Ceme...
Iran exports 5.84Mt of cement in five months
Iran has exported more than 5.84Mt of cement worth US$127.99m during the first five months of the current Iranian calendar year (20 March-21 August 2020), according to data from...
Gulf Cement receives approval to withdraw from Boursa Kuwait
UAE-based Gulf Cement Co, once dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), has obtained approval from Kuwait’s Capital Markets Authority to withd...
Gulf Cement to delist from Boursa Kuwait
At its ordinary general meeting, Gulf Cement Co has approved the board’s proposal to delist from Boursa Kuwait. In addition, the company will not to distribute dividends for 201...