Yanbu Cement sees 14% rise in 1H net profit
Saudi Arabia-based Yanbu Cement Co announced its interim condensed consolidated financial results for the period ended 30 June 2024. Sales for the six month-period advanced SAR4...
Saudi Arabia
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Al Jouf Cement signs contract for NEOM City cement supply
Al Jouf Cement Co has signed a SAR104.19m (US$27.7m) contract to sell cement to Webuild SpA for NEOM construction projects. The joint deal will last 41-months from the date of s...
Umm Al-Qura Cement revises fuel price modification impact
Saudi Arabia-based Umm Al-Qura Cement Co has revised its estimated production cost increase due to the recent fuel price changes. Initially the company faced an 11 per cent incr...
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation
According to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 ...
Hoffman Green announces the construction of first Saudi unit
Hoffman Green Cement Technologies, a global cement company committed to the decarbonisation of the construction sector, has announced the construction of its first unit in Saudi...
Najran Cement net 1Q profit drops 26%
Saudi Arabia-based Najran Cement Co saw a 3.9 per cent decline to SAR138.12m (SAR36.83m) in the 1Q24 from SAR143.68m in the 1Q23. The company’s net profit saw a 25.7 per cent Yo...
Al Jouf Cement sees net profit advance 21% in 1Q24
Saudi Arabia’s Al Jouf Cement Co saw its consolidated net profit advance to SAR12.45m (US$3.32m) in the first quarter of 2024, up 21.2 per cent from SAR10.27m in the same period...
Hail Cement sees 19% drop in 1Q net profit
Hail Cement posted 1Q24 sales of SAR73.8m (US$19.7m), up by 19.2 per cent when compared with SAR61.9m in the 1Q23. The company’s gross profit declined by 11 per cent to SAR20.1m...
Saudi cement sales up 13% YoY in April
Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement dis...
Saudi Cement posts SAR113.8m net profit in 1Q24
Saudi Cement Co reported a net profit of SAR113.8m (US$30.3m) in the 1Q24, representing a 8.1 per cent drop YoY from SAR123.8m but a QoQ increase of 9.6 per cent from SAR103.80m...