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 facili...
Saudi Arabia
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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 Cement ...
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-...
Al Jouf Cement sees 4% rise in revenue for 1Q20
Saudi Arabia’s Al Jouf Cement has seen a 3.5 per cent YoY increase in revenue to SAR58.8m (US$15.68m) in the first quarter of 2020, compared to SAR56.85m in the year-ago period....
Tabuk Cement sees rising profit in 1Q
Saudi-based Tabuk Cement posted a rise in net profit after zakat and tax to SAR28.91m (US$7.7m) in the 1Q20, from SAR3.63m a year ago. Sales in the 1Q20 advanced by 42.9 per cen...
Southern Province Cement 1Q profit up
Saudi cement producer Southern Province Cement Co reported a net profit after zakat and tax of SAR183m (US$48.8m) for the first quarter of 2020, up 52.5 per cent from SAR120m in...
Arabian Cement sees 22% rise in profit
Saudi-based Arabian Cement Co has recorded a 21.6 per cent increase in net profit to SAR45.1m (US$12.03m) for the first quarter of 2020, compared to SAR37.1m in the year-ago per...
Najran Cement signs financing agreement
Saudi Arabia’s Najran Cement has signed a financing agreement with Bank Al-Jazira. The credit agreement will see a total of SAR355M (US$94.67m) paid semi-annually over five year...
Umm Al Qura reports net profit surge in 1Q20
Saudi Arabia’s Umm Al Qura has seen its net profit increase 79.1 per cent YoY to SAR38.5m (US$10.27m) in the first quarter of 2020, rising from SAR21.5m in the year-ago period. ...