Saudi cement sales fall 9% in January
Cement sales in Saudi Arabia declined by nine per cent in January 2019 when compared with sales in the previous year. Sales volumes of companies listed on the Tadawul fell 9.3 p...
Saudi Arabia
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Hail Cement sees a 19% increase in revenue
Saudi Arabia’s Hail Cement made a net loss of SAR23.55m (US$6.27m) in 2018, compared with a SAR15.54m profit in 2017. However, revenue increased 19.1 per cent YoY to SAR195.98m....
Qassim Cement reports 52% decline in net profit
Saudi Arabia’s Qassim Cement Co has reported a 52 per cent fall in net profit to SAR120.8m (US$32.21m) in 2018, compared to SAR251.8m of the previous year. Sales for the year al...
Saudi producers to benefit from Neom Bay construction start-up
Saudi Arabia will start developing the first major area of Neom, the kingdom's multi-billion dollar mega-city, from 1Q19. The founding board of Neom, chaired by Crown Prince Moh...
Cement sales in Saudi Arabia fall 6% in December
Aggregate cement sales from 17 producers in Saudi Arabia slipped by six per cent in December to 3.82Mt, compared to 4.08Mt in December 2017, reported Yamama cement. Twelve cemen...
Tabuk Cement appoints new general manager
Saudi cement producer Tabuk Cement has appointed a new general manager as of 6 January 2019. Ali Al-Qahtani will succeed Ali Mohmiha Al Asmari, according to a statement to the T...
New Chairman and Vice Chairman appointments at Saudi Cement
Saudi Cement's Board of Directors have appointed Khalid bin Abdulrahman Saleh Al-Rajhi as a Chairman of the board and Muhammad bin Abdul Karim Al-Khariji as a Vice Chairman in a...
City Cement agrees settlement with Sinoma International
City Cement of Saudi Arabia has made a settlement with Sinoma International for payment of its second production line. The original contract was signed in June 2012 for a total ...
Southern Province Cement to sell 20,000t of cement to Yemen
Southern Province Cement has signed an agreement to export 20,000t of Portland cement to Yemen. The contract expects to deliver the volume over a three-month period, starting fr...
Hail Cement appoint new chairman and deputy chairman
Hail Cement Co's board of directors approved on 3 December the appointment of Ali Othman Al Zaid as the company's new chairman. Meanwhile, the Saudi Arabian cement producer has ...