Hail Cement to repay outstanding loan amount
Hail Cement said its Board of Directors decided on 15 December 2020, to pay early and in full the balance amount of the loan from the Saudi Industrial Development Fund (SIDF)....
Saudi Arabia
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Saudi Arabia saw cement sales rise 17% in November
Cement sales in Saudi Arabia increased 16.5 per cent YoY to 4.75Mt in November 2020, driven by the Ministry of Housing’s programmes, according to NCB Capital Co. On a monthl...
Riyadh Cement completes record kiln operation
Saudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute int...
Al Akaria sells stake in Hail Cement
Saudi Arabia’s Al Akaria, a real estate company, has sold its entire stake in Hail Cement Co at a value of SAR96.9m (US$25.84m). The company had a stake of 6m shares and made ...
Saudi: a belief in brighter days
Some of the shine has been taken off Saudi Arabia’s cement market as a result of the COVID-19 pandemic and lower oil prices. However, the sector remains relatively healthy and ...
Saudi Arabian cement companies see combined profits rise 39%
The combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20, compared with SAR603.54m in the same period of 2019, a...
Saudi Cement sees revenue advance 25% YoY
Saudi Cement saw its revenue advance 24.7 per cent YoY to SAR387m (US$103m) in the 3Q20, supported by a 19.8 per cent growth in cement volumes to 1.6Mt.Gross profits and operat...
Al Jouf Cement sees surge in net profit for the 3Q20
Saudi Arabia’s Al Jouf Cement reported a 643.4 per cent YoY surge in net profit to SAR8.22m (US$2.19m) for the third quarter of 2020, compared to SAR1.1m in the corresponding p...
Umm Al-Qura Cement announces 37% revenue increase
Saudi Arabia’s Umm Al-Qura Cement has announced a 37 per cent YoY rise in revenue to SAR87.61m (US$23.36m) for the third quarter of 2020, compared to SAR63.96m in the year-ago ...
Eastern Province Cement posts 19% rise in profit
Saudi Arabia’s Eastern Province Cement reported a net profit of SAR43m (US$11.47m) in the 3Q20, rising 19.4 per cent YoY from SAR36m in the year-ago period. However, the compan...