Yamama Cement reports revenues of SAR211m in FY20
Saudi Arabia’s Yamama Cement (YSCC) registered revenue of SAR211m (US$56m) in FY20,a YoY drop of 10.8 per cent. Cement sales volumes for 4Q20 reached at 1.19Mt. Gross profit and...
Saudi Arabia
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Yanbu Cement prepares to shutdown Line No 4 for 60 days
Yanbu Cement announced that its production line No 4 will be shut down for 60 days from the 15 February 2021, in line with the implementation of its strategic plan of modernisat...
Hail Cement Co sees net profit rise 82%
Saudi Arabia’s Hail Cement Co has seen its net profit surge by 82 per cent YoY to SAR107.5m (US$28.67m) in 2020. The company has attributed the results to an increase in revenue...
Southern Province Cement elects new board members
Saudi Arabia's Southern Province Cement Co has elected new members to the board of directors for its new session, which began on 1 January 2021 for a period of three years. As s...
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). T...
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 monthly ba...
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 inter...
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 a ...
Saudi: a belief in brighter days Premium
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 t...
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, ac...