Southern Province Cement posts net profit of SAR68m in 2Q23
In the January-June 2023 period, Southern Province Cement logged net profits after zakat and tax valued at SAR68m (US$18.1m) down 54.6 per cent YoY from SAR150m. Revenues declin...
Saudi Arabia
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City Cement revenue falls 13% YoY in 2Q23
Saudi Arabia’s City Cement has posted revenue of SAR77.8m in the second quarter of 2023, down 13 per cent YoY. Net income over the same period fell 2.2 per cent to SAR24.3m, whi...
Al Jouf Cement reports 41% YoY increase in revenue
Al Jouf Cement has reported revenue of SAR138.23m in the first half of 2023, marking a 40.6 per cent increase compared to the same period a year earlier. Net profit over the sam...
Hoffmann Green to build four new units in Saudi Arabia
Hoffmann Green Cement Technologies has agreed to collaborate with Shurfah Holding to build four Hoffmann units in Saudi Arabia. As part of Saudi Vision 2030, Shurfah Holding and...
KHD host Saudi cement sector at Vision 2030 Symposium
KHD hosted executives of the Saudi cement sector at the one-day KHD Vision 2030 Symposium. Taking place at the Hyatt Olaya Hotel in Riyadh, attendees discussed matters with KHD ...
Southern Province places contract for two new lines at Jazan
Saudi Arabia-based Southern Province Cement Co has placed an order with Sinoma International Engineering Co for two new 5000tpd production lines at its Jazan cement plant. Line ...
Arabian Cement reports 17% drop in 1Q profit
Arabian Cement Co posted a net profit after zakat and tax of SAR49.2m (US$13.1m) in the 1Q23, down 17.4 per YoY from SAR41.9m. It was 40.2 per cent higher QoQ when compared with...
Hail Cement returns to profit in 1Q23
Saudi Arabian cement producer Hail Cement Co saw revenue decline by 9.9 per cent YoY to SAR61.85m (US$16.5m) in January-March 2023 from SAR68.61m. The company posted a profit of...
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...
Southern Province Cement makes progress on new 10,000tpd line
Saudi-based Southern Province Cement Company (SPCC) has reportedly completed its study into the construction of a new 10,000tpd production line at its Jazan plant, and work was ...