Al Jouf Cement secures six-month export deal
Jordan-based Rabou’ Al Taybeh Co has agreed to receive clinker exports from Al Jouf Cement Co of Saudi Arabia for a period of six months. The contract’s value stands at SAR30...
Saudi Arabia
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Sinoma wins Eastern Province Cement contract
Saudi Arabia-based Eastern Province Cement Co has awarded the contract for a new cement production line to China’s Sinoma CDI. The new line, which is costing US$270m, will h...
Saudi cement demand to see 3% uptick in 2024
Cement demand in Saudi Arabia is forecast to advance by three per cent in 2024 in terms of volumes, compared to a decline of eight per cent in 2023, reports Aljazira Capital. ...
Saudi producers warn of rising production costs
Cement producers in Saudi Arabia have received a notification from Saudi Arabian Oil Co (Saudi Aramco) that the price of fuel products used in cement production will be increas...
Northern Region Cement signs US$44m Iraq partnership
Saudi Arabia-based Northern Region Cement Co has signed a partnership agreement with Al-Diyar Al-Iraqia for Investments Co which sees the Iraqi company acquire 49 per cent of...
Saudi exports increase 12% YoY in October
Saudi Arabia recorded 807,000t of cement exports in October 2023, according to Aljazira Capital. This marks an 11.9 per cent advance on the 721,000t reported in the same month...
Al Jouf Cement Co's profit balloons 836.43% YoY in 9M23
Al Jouf Cement Co announced the initial consolidated financial results for the period ending 30 September 2023 on the Saudi Stock Exchange. The company saw its net income su...
Northern Region Cement awards EPC contract for new line
KHD Humboldt Wedag and AVIC have been awarded a major EPC contract for engineering, equipment supply, construction, commissioning and site services for a new 3500tpd production...
Saudi Cement sees drop in 3Q profit
Saudi Cement Co reported a 15.4 per cent drop in quarterly net profit after tax and zakat to SAR68.3m (US$18.2M) in the 3Q23 when compared with the year-ago period when net p...
Umm Al Qura Cement and City Cement see fall in profit
Saudi-Arabia-based Umm Al Qura Cement Co reported net profits of SAR1.44m (US$0.38m), representing a 76.4 per cent drop YoY from SAR6.12m in the third quarter of 2023. Revenu...