Yamama Cement signs financing agreement
Saudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in sh...
Saudi Arabia
803 posts · Page 28 of 81
Yanbu Cement Co appoints new CEO
Yanbu Cement Co’s (Saudi Arabia) board of directors has accepted the resignation of its CEO, Ahmed bin Abdo Zugail, due to personal reasons. Mr Zugail’s resignation was effectiv...
Tabuk Cement sees profits rise 113% in 2020
Saudi Arabia’s Tabuk Cement has seen its net profit surge 113.2 per cent to SAR51.58m (US$13.75m) in 2020, compared with SAR24.19m in the previous year. The increase in profit w...
Southern Cement records sales of SAR1653m in 2020
Southern Cement reported sales in 2020 of SAR1653m (US$440.8m), up 27 per cent YoY due to an increase in sales volume which increased by 24 per cent YoY, while net income for th...
Southern Province Cement reports 32% profit increase
Saudi Arabia’s Southern Province Cement has reported a 31.5 per cent rise in net profit after zakat and tax to SAR609m (US$162.4m) in 2020, compared with SAR463m in the previous...
City Cement announces 16% increase in net profit
Saudi Arabia’s City Cement has seen a 16 per cent YoY increase in net profit to SAR220.5m (US$58.8m) in 2020, compared with SAR190.1m a year earlier. The company’s revenue also ...
EU calls for greater use of secondary raw materials
The EU Parliament’s own-initiative report adopted this month calls for an upgrading of secondary raw materials. Among other things, it provides for stronger environment-oriented...
Najran Cement announces net profits of SAR204m in 2020
Najran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SAR5...
Financial ratio analysis Premium
Cement producers should use financial ratio analysis to compare their performance with others around the world. However, this must be combined with peer group analysis to accoun...
Saudi Cement Co sees 9% rise in revenue
Saudi Cement Co has seen its net profit edge up one per cent YoY to SAR456m (US$121.6m) in the full-year 2020 period. The rise in annual net earnings was attributed to improved ...