Riyadh Cement reports drop in 1H profit
Saudi Arabian cement producer Riyadh Cement Co posted a 28.8 per cent decline in 1H22 sales to SAR285.6m (US$76.2m) from SAR401.4m in the 1H21. The company’s net profit aft...
Middle East
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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 ...
Larestan plant switches to gas
To reduce the burning of mazut, an eco-unfriendly fuel, at the Larestan Cement Plant in Fars Province, Iran, the works has now been connected to the national gas grid. A 35km...
Riyadh Cement reports 47% profit fall in 1H22
Saudi-based Riyadh Cement has reported a 47 per cent YoY decline in profit to SAR85m (US$22.67m) in the opening six months of 2022. Over the same period, the company saw i...
Al Jouf Cement sees profits tumble 92% in 1H22
Saudi Arabia’s Al Jouf Cement Co has reported a 19.2 per cent YoY fall in revenue to SAR98.29m (US$26.2m) in the first half of 2022. Net profit after zakat and tax tumbled 92...
South Valley Cement Co posts net loss of 55% in 1H22
South Valley Cement Co posted a net loss of 54.50 per cent during the first 1H22 to EGP117.08m (US$31.2m), compared to EGP75.75m in the 1H21. However, sales stood at EGP325....
WCA focus on MENA region decarbonisation
The World Cement Association (WCA) has held its first CEO-exclusive, pre-conference webinar, in which participants concluded that cement producers in the Middle East and North ...
Najran Cement appoints new chairman and vice chairman
Saudi-Arabian cement producer Najran Cement Co has appointed Waleed Bin Abdulrahman Al-Mousa as chairman of the company’s board of directors. Fahd bin Abdullah Al-Rajhi has...
Iran’s cement market expands by 34% in July 2022
Iranian cement demand reached 5.36Mt in July 2022, according to the Iranian Cement Association. This represents a YoY increase of 34 per cent when compared with July 2022, when...
Umm Al-Qura Cement Co posts 55% fall in net profit in 1H22
Saudi cement producer, Umm Al-Qura Cement Co has posted a 55 per cent fall in net profit during the 1H22 owing to lower cement sales, compared to the 1H21. Profits in the...