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 surge ...
Saudi Arabia
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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 prof...
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. Revenues ...
Najran Cement to buy 20-25 per cent stake in the building materials industry
Najran Cement Co of Saudi Arabia announced the signing of a non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry (Ayan), according to which Najran Cem...
Saudi Arabian exports top 11Mt
Saudi Arabia exported a total of 11.33Mt of cement and clinker in the 21-month period covering 2022 and the opening nine months of 2023. The figures from the Saudi Trade Ministr...
Saudi cement sales drop 6% YoY
Saudi Arabian cement sales declined to 4.01Mt in September 2023, down six per cent compared to the 4.26Mt seen in the same period a year earlier, according to Aljazira Capital. ...
Saudi Arabia's exports fall 21% YoY in August
Saudi Arabia saw its cement exports decline by 21.3 per cent in August 2023 to 620,000t. This compares to 788,000t in the same month a year earlier, according to Aljazira Capita...
City Cement sets up AF joint venture
Saudi Arabia-based City Cement Co has announced that its subsidiary Green Solutions for Environmental Services has set up a joint venture to produce alternative fuel from waste,...
Hoffmann Green Cement Technologies to build green plants in Saudi Arabia
Hoffmann Green Cement Technologies (HGCT) has signed a 22-year exclusive licensing agreement with Saudi-based Shurfah Group that will see the construction of several green cemen...