Yamama Cement Co reports 2% slip in 2Q revenues
Yamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined ...
Saudi Arabia
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Najran Cement posts 1H results
Saudi Arabia-based Najran Cement reported sales of SAR121.5m (US$32.4m) in the second quarter of 2020. The company’s gross profit reached SAR50.3m while its operational profit ...
Arabian Cement sees 80% fall in 2Q net profit
Arabian Cement Co reported a net profit of SAR7.6 (US$2) m in the 2Q20, down 79.6 per cent YoY. In the 2Q19 net profit reached SAR37.3m. Revenue declined by 15.2 per cent YoY...
MENA outlook: Egypt and Saudi Arabia market prospects
This week, Cemtech hosted its latest live webinar which considered global market trends and provided an update on the dynamic Egyptian and Saudi Arabian markets in particular. ...
Yanbu Cement appoints new chairman
Yanbu Cement Co has appointed Fahd Bin Soliman Al Rajhi as chairman of the board, reports Reuters. Mr Al Rajhi served since 2017 as deputy chairman of the Saudi-based cement...
Southern Province Cement names new CEO
Saudi Arabia’s Southern Province Cement has named Aqeel Futis Kadasa as its new CEO, effective from 12 July 2020. The appointment follows the resignation of Safar Mohammad Dhuf...
Najran Cement Co fully repays loan for WHR project
Najran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit fa...
BCIC and EDII to build cement plant in Bangladesh
Bangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated...
Saudi Arabia records 10% demand increase in 5M20
Saudi Arabia’s cement sector has reportedly seen a 10 per cent YoY demand growth in the first five months of 2020, according to Al Rajhi Capital. Qassim Cement and Yanbu Cem...
Northern Region Cement sees 78% rise in profit
Saudi Arabia’s Northern Region Cement Co has reported a 78 per cent increase in net profit to SAR27.6m (US$7.36m) in the first quarter of 2020, compared to SAR15.5m in the year...