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 SAR74.1...
Saudi Arabia
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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 ...
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 f...
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...
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 sta...
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 o...
Qassim Cement signs MoU for proposed acquisition of Hail Cement
Qassim Cement Co (QCC) signed a non-binding memorandum of understanding (MoU) with Hail Cement Co (HCC) to commence discussions for QCC to acquire all issued shares of HCC....
August cement sales up 10% YoY in Saudi Arabia
Cement sales in Saudi Arabia advanced by 10 per cent YoY in August 2022, according to a report by brokerage house Aljazira Capital. Sales last month reached 4.38Mt marking a 19...
Riyadh Cement reports drop in 1H profit
Saudi Arabian cement producer Riyadh Cement Co posted a 28.8 per cent decline in 1H22 sales to SAR285.6m (US$76.2m) from SAR401.4m in the 1H21. The company’s net profit aft...
Riyadh Cement reports 47% profit fall in 1H22
Saudi-based Riyadh Cement has reported a 47 per cent YoY decline in profit to SAR85m (US$22.67m) in the opening six months of 2022. Over the same period, the company saw i...