Tabuk Cement posts 21% rise in revenue in 9M22
Tabuk Cement has posted a 20.6 per cent YoY increase in revenue in the first nine months of 2022. Revenue over the period has risen from SAR174.22m (US$46.5m) to SAR210.11m. How...
Saudi Arabia
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Hail Cement sees net income tumble 113% in 9M22
Hail Cement has posted revenue of SAR268.22m (US$71.5m) in the opening nine months of 2022, up 31.6 per cent compared to the SAR203.88m seen in the 9M21. However, net income fel...
Arabian Cement revenue up 8% in 3Q22
Arabian Cement has recorded an eight per cent increase in revenue to SAR241m (US$64.2m) in the third quarter of 2022, compared to the same period a year earlier. Profit over the...
Yanbu Cement posts 4% rise in profit in 9M22
Saudi Arabia-based Yanbu Cement Co has announced net profit after zakat and tax of SAR156.24m (US$41.6m) in the opening nine months of 2022, up 4.38 per cent on the SAR149.69m s...
Al Jouf posts 74% fall in profit in 9M22
Saudi Arabia's Al Jouf Cement Company has reported a 35.1 per cent YoY increase in revenue in the third quarter of 2022. Revenue advanced from SAR54.9m in the 3Q21 to SAR74.1m i...
Eastern Province Cement sees revenue fall 11% YoY in 9M22
Saudi Arabia’s Eastern Province Cement Co (EPCCO) has posted revenue of SAR531m (US$141.6m) in the first nine months of 2022, down 11.3 per cent on the SAR598.5m seen in the sam...
GCC market to expand at a CAGR of 6% in 2022-32
The Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand fo...
Yamama Cement sees 49% jump in revenue in 3Q22
Saudi Arabia's Yamama Cement has reported a 23.6 per cent advance in revenue to SAR684.2m (US$182.5m) in the first nine months of 2022. This compares to SAR553.5m in the same pe...
Mill breakdown at Umm Al-Qura Cement
Umm Al-Qura Cement reported a breakdown of its cement mill No 1 on 9 August, which led to a mill stoppage and a reduction in cement sold by 1161tpd, according to a bourse statem...
Qassim Cement initiates growth strategy
This week Qassim Cement Co (QCC) announced a Memorandum of Understanding (MoU) with Hail Cement Co (HCC) for the proposed acquisition of HCC. ICR explores the growth strategy of...