Tabuk Cement sees 1Q losses
Saudi cement producer Tabuk Cement Co reported revenues of SAR62.18m (US$16.58m), down 19.2 per cent YoY, in the January-March 2022 period, according to the company Net loss...
Saudi Arabia
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Hail Cement posts 1Q22 sales losses of SAR6.9m
Saudi Arabia's Hail Cement Co has reported losses of SAR6.9m (US$1.8m) in the 1Q22 after it witnessed a drop in sales. The cement producer had made profits of SAR25.9m in the...
Arabian Cement 1Q profits see 37% drop
Arabian Cement’ s net profit after zakat and tax declined 37 per cent YoY to SAR41.9m (US$11.2m) in the first quarter of 2022. When compared with the fourth quarter of 2021, n...
Eastern Province Cement sees 52% drop in 1Q profits
Saudi Arabian cement producer Eastern Province Cement Co reported a net profit after zakat and tax of SAR29m (US$7.7m) in the 1Q22, down 51.7 per cent YoY. Revenues decline...
Yanbu Cement acquires Yanbu Saudi Kuwaiti Paper Products Co
Saudi’s Yanbu Cement has acquired shares owned by Kuwait’s Shuaiba Industrial Co in its unit Yanbu Saudi Kuwaiti Paper Products Co for SAR32.3m (US$8.6m). The transacti...
Yamama Cement signs SAR1.633bn financing agreement
Yamama Cement Co signed a Shariah-compliant financing agreement on 31 March for SAR1.663bn (US$435.4m) with Saudi National Bank, the cement producer said in a statement to t...
Riyadh Cement sees 4% drop in net profits in 2021
Saudi cement company Riyadh Cement Co posted a 3.8 per cent decline in net profits after zakat and tax to SAR211.64m in 2021, when compared with 2020 when net profits after z...
Northern Region Cement Co announces net profits of SAR107m in 2021
Northern Region Cement Co has achieved net profits after zakat (charitable donations) and tax worth SAR106.67m (US$28.4m) in 2021, a decline of 1.4 per cent from SAR108.22m i...
Tabuk Cement Co sees profits fall by 65% in 2021
Saudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales. Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, ...
Al Safwa Cement to pilot microalgae project
To promote the concept of a circular carbon economy and support sustainability, a collaboration contract has been signed between Al Safwa Cement Co and Desert Microalgae Tech...