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, a...
Saudi Arabia
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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 this...
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 was a...
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 decline...
Najran Cement sees drop in quarterly profit
Najran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m in...
Al Jouf Cement appoints new chairman
Saudi Arabia-based Al Jouf Cement has appointed Abdullah Bin Odeh Al-Ghabeen Al-Enezi as chairman. Mr Bin Odeh Al-Ghabeen Al-Enezi succeeds Eng Mohammed Bin Saeed Al-Attiyah.
Yanbu Cement 2Q profits down 25% in 1H22
Saudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the ...
Yamama sees 9% dip in 1H profits
Yamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expande...
Court ruling favours Arabian Cement in Emaar Economic City case
Arabian Cement Co reports that it has received a Jeddah commercial court order in its favour, ordering Emaar The Economic City to supply to the company 4.57Mt of limestone based...
Southern Province Cement starts work on new Jazan plant
Southern Province Cement Co has started work on its new 5000tpd plant in Jazan, Saudi Arabia. The project is part of the company’s plans to boost its production capacity to 10,0...