Al Jouf Cement sees profits tumble 92% in 1H22
Saudi Arabia’s Al Jouf Cement Co has reported a 19.2 per cent YoY fall in revenue to SAR98.29m (US$26.2m) in the first half of 2022. Net profit after zakat and tax tumbled 92...
Saudi Arabia
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Najran Cement appoints new chairman and vice chairman
Saudi-Arabian cement producer Najran Cement Co has appointed Waleed Bin Abdulrahman Al-Mousa as chairman of the company’s board of directors. Fahd bin Abdullah Al-Rajhi has...
Umm Al-Qura Cement Co posts 55% fall in net profit in 1H22
Saudi cement producer, Umm Al-Qura Cement Co has posted a 55 per cent fall in net profit during the 1H22 owing to lower cement sales, compared to the 1H21. Profits in the...
Al Jouf Cement appoints new CEO
Saudi Arabia-based Al Jouf Cement has appointed Abdul Karim Al-Nuhair as CEO, effective from 21 August 2022. Mr Al-Nahair replaces Jamal bin Salem Al-Amer who resigned as ...
Qassim Cement Co sees 73% fall in profits in 1H22
Qassim Cement Co posted a 73 per cent drop in profit during the 1H22, hit by lower cement demand. The Saudi cement producer’s profit fell to SAR54m (US$14m), compared to SAR2...
City Cement posts 26% drop in 2Q sales
Saudi Arabia-based City Cement Co saw a 50.1 per cent drop in net profit after zakat and tax to SAR24.8m US$6.61m) in the second quarter of 2022. In the 2Q21 net profit after...
Southern Province sees 42% fall in 1H net profits
In the first half of 2022, Saudi Arabia-based Southern Province Cement Co reported net profits after zakat and tax of SAR150m, down 41.6 per cent YoY from SAR257m in the 1H21...
Two Saudi cement firms report declining 1H22 profits
Two cement companies have posted their interim financial results at the Saudi Stock Exchange (Tadawul) for the period ending on 30 June 2022, showing lesser earnings during thi...
Arabian Cement posts 34% rise in 2Q profit
Saudi cement producer Arabian Cement Co reported a 2Q net profit after zakat and tax of SAR45m (US$12m), up 34.2 per cent from SAR33.5m in the 2Q21. The increase in profit ...
Northern Region Cement reports 9% drop in 1H net profit
Northern Region Cement Co posted net profits after zakat and tax of SAR48.09m (US$12.8m) in the first half of 2022, down 9.1 per cent from SAR52.9m in the 1H21. Revenues de...