Tabuk and Al Jouf net profit dragged down by lower demand
Saudi-based producers Tabuk Cement and Al Jouf Cement have reported a decline in second quarter net profit due in part to lower demand.
Middle East & Africa
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Northern Region Cement 2Q net profit down 83%
Northern Region Cement Co on Wednesday announced that its net profits fell 83 per cent YoY in the second quarter of 2017. Profits fell to SAR8.26m during the three months ending...
Oman Cement and Sultan Qaboos University sign research pact
Oman Cement Company and Sultan Qaboos University signed a Research Cooperation Programme agreement on 19 July to pursure a mutual interest in the fields of research and training.
Procim to operate under the Binastore banner
Procim, the distribution network of LafargeHolcim Cote d'Ivoire, will now operate under the Binastore brand, the parent company’s specialised retail network for construction mat...
Expected decline in 2Q Saudi cement sales
Saudi cement sales volumes are expected to have declined by 17 per cent YoY and 11 per cent QoQ due to a lower pace of project spending, Riyadh Capital writes in its latest prev...
Drop in Saudi 2Q earnings expected
Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1 to 62.8 per cent in the second quarter of 2017, according to a recent report by A...
Yamama agrees raising credit facility limit
Yamama Cement announced that it has agreed with the National Commercial Bank (NCB) and Samba Financial Group to raise its sharia-compliant credit facility limit from SAR1bn to S...
Arabian Cement wins energy management award
Egypt-based Arabian Cement Company (ACC) has been honoured with the ‘2017 Award of Excellence in Energy Management’ by Clean Energy Ministerial (CEM8), a high-level global forum...
LafargeHolcim expands its MEA retail network
LafargeHolcim announces the rollout of its specialised retail network for construction materials in Middle East Africa under the new Binastore banner.
Saudi five-month cement sales down 18.7%
Saudi cement sales fell by 18.7 per cent YoY in the first five months of this year to 22.6Mt, while clinker output was down 11.3 per cent, according to the Saudi Cement Sector M...