Tabuk Cement posts SAR24.2m profit in 2019
Saudi-based Tabuk Cement Co has posted a net profit after zakat and tax of SAR24.2m (US$6.45m) in 2019, versus a loss of SAR98.9m in 2018. Sales in 2019 surged 59.8 per cent to ...
Saudi Arabia
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Najran Cement reports SAR53.5m profit in 2019
Saudi Arabia’s Najran Cement Co has reported a net profit of SAR53.5m (US$14.27m) in 2019, a significant improvement upon the SAR83.5m net loss in the previous year. Sales also ...
GCC: a return of fortunes? Premium
The performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand...
Yamama Cement reports full-year profit
Saudi Arabia-based Yamama Cement Co has posted full-year 2019 sales of SAR801.9m, representing a 53.9 per cent increase when compared with SAR521.2m in 2018. The company’s net p...
Hail Cement reports profit rise in 2019
Saudi cement producer Hail Cement has posted a net profit after zakat and tax of SAR59.7m (US$15.9m) in 2019 following a loss of SAR25m in 2018. The company increased its sales ...
Qassim Cement sees net profit treble in 2019
Saudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and ...
Tabuk Cement appoints new board members
Saudi Arabia’s Tabuk Cement Co has announced the appointment of Saoud bin Solaiman Al Juhni as its new chairman. Furthermore, the company also nominated new members of the board...
Saudi Arabia records 22% production increase in December
Saudi Arabian cement sales rose 24.2 per cent YoY in terms of volume in December 2019, while total production increased 21.7 per cent to 4.7Mt from 3.86Mt, according to Mubasher...
Arabian Cement Co adjusts completion date for Rabigh plant
On the back of project delays, Arabian Cement Co announced earlier this year that its new grinding plant in Rabigh, Saudi Arabia, was due for completion in the 1Q20 with commerc...
Saudi sales increase 24% YoY in November
The sales of 17 cement companies in Saudi Arabia amounted to 4.27Mt in November 2019, a 23.8 per cent YoY increase compared with 3.45Mt in the year-ago period, according to a re...