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...
Saudi Arabia
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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-Attiy...
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 t...
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 ex...
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 ba...
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 ...
Najran Cement secures SAR328.5m loan from Al Rajhi Bank
Saudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annua...
Najran Cement reports 24% fall in revenue in 1Q22
Najran Cement Co has recorded a 61.41 per cent YoY decline in net profit in the opening quarter of 2022. Net profit after zakat and tax came in at SAR23.28m (US$6.21m) in the...
Yanbu Cement sees 17% fall in 1Q22 revenue
Yanbu Cement has reported a 17.4 per cent YoY decline in revenue to SAR242m (US$64.53m) in the opening quarter of 2022. However, this was still above the SAR224m estimated by...
Southern Province revenue down 25% in 1Q22
Saudi Arabia-based Southern Province Cement Co has posted a revenue of SAR330m (US$88m) for the first three months of 2022. This represents a 25 per cent drop when compared w...