Najran Cement appoints a new chairman
Najran Cement has appointed Fahd Abdullah Al Rajhi as its new chairman. Mr Fahd Abdullah Al Rajhi was previously the company's vice-chairman. Mr Majed Musallam becomes the vice-...
Najran Cement
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Najran Cement elects board members
Najran Cement has elected Fahd Al Rajhi, Abdulsalam Aldraibi, Ali Hussain Al Yami, Majed Musallam, Ziyad Aljared, Hussein Qahat, Majid Al-Swaigh, Abdullah Al-Faifi and Abdullah ...
Najran Cement reports improved financial results
Najran Cement (Saudi Arabia) has reported a significant improvement in its financial performance for the 3Q24, reflecting a rise in sales and profitability compared to both the ...
Saudi cement sales exhibited growth in 2QFY24
Saudi Arabia's cement industry recorded a 1.8 per cent sales growth in the 2Q124, reaching 10.85Mt. Al-Yamama Cement 's data showed that 95 per cent of these sales were domestic...
Saudi cement companies fined for price manipulation
Saudi Arabia’s General Authority for Competition (GAC) has fined 14 cement companies a total of SAR140m (US$37.33m) for price manipulation activities. Each company has been foun...
Najran Cement reports 50% drop in profit in 9M22
Najran Cement has recorded revenue of SAR375.6m (US$100.2m) in the opening nine months of 2022, down 15 per cent compared to the SAR441.89m seen in the 9M21. Net profit after Za...
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 been...
Najran Cement sees drop in quarterly profit
Najran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m in...
Najran Cement secures SAR328.5m loan from Al Rajhi Bank
Saudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annual ins...
Najran Cement reports 24% fall in revenue in 1Q22
Najran Cement Co has recorded a 61.41 per cent YoY decline in net profit in the opening quarter of 2022. Net profit after zakat and tax came in at SAR23.28m (US$6.21m) in the 1Q...