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 zaka...
Saudi Arabia
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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 in 2...
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, accord...
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 Technol...
Saudi Arabian cement sales fall in February
The aggregate sales of 17 Saudi Arabian cement producers fell 14 per cent to 4.3Mt in February, from 5Mt in the same month last year, according to recent data issued by Yamama C...
Yanbu Cement profits drop 43% in 2021
Yanbu Cement saw its revenue slip to SAR934m (US$249.1m) in 2021 from SAR940m in 2020. As selling prices fell, net profit decreased 43 per cent to SAR160m in 2021 from SAR281m i...
Arabian and Najran Cement take drop in net profits
Arabian Cement Co posted revenues of SAR1003m (US$267.5m) in 2021, up 18.5 per cent YoY from SAR871.9m. However, the company saw its net profit after zakat and tax decline by 12...
Saudi cement sales fall 6% to 4.9Mt in January
The total sales of 17 Saudi cement producers fell per cent to 4.9Mt in January, compared to 5.2Mt in the same month last year, according to recent data issued by Yamama Cement C...
Aggregate Saudi Arabian Cement sales fall 7% in December
The aggregate sales of 17 Saudi cement producers decreased by seven per cent to 4.8Mt in December 2021, from 5.2Mt in the same month last year, according to recent data issued b...
Qassim Cement Co plans 30MW solar power plant
Saudi Arabia's Qassim Cement Co will mandate a consulting firm to help with the preparations for a 30MW solar plant at its site in Buraydah city. Qassim Cement produces about 4M...