Tabuk Cement to export to Yemen
Saudi Arabia’s Tabuk Cement has signed a memorandum of understanding with Yemen to export cement. The company will export 6000t of cement in a three-month deal with the country....
Saudi Arabia
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Saudi Engineering Dimensions interested in Bangladesh cement sector
Saudi company Engineering Dimensions has expressed an interest to set up a modern cement factory in the Chhatak upazila of Sunamganj district, Bangladesh, according to New Natio...
Saudi Arabia's cement sales in October fall 1.8% YoY
Saudi Arabia's cement sales in October, including exports, dropped to 4.03Mt, compared to 4.1Mt in October 2017, a fall of 1.8 per cent YoY. For the first 10 months of the year,...
Deep into the Saudi down-cycle Premium
Saudi Arabia’s cement industry has faced a challenging few years as construction activity decreased following a more cost-conscious government budget. However, while many positi...
Saudi producers face declining results in 3Q18
Saudi's Arabian Cement has posted a 51.2 per cent YoY decline in net profit during the 3Q18, falling from SAR29.5m (US$7.86m) to SAR14.4m. Furthermore, sales decreased 27.7 per ...
Qassim Cement reports 89% fall in net profit
Saudi Arabia's Qassim Cement has seen an 88.9 per cent YoY fall in its net profit during the third quarter of 2018, decreasing to SAR5.68m (US$1.514m) from SAR51.24m. The profit...
End of Yemeni conflict could provide lifeline for Saudi exporters
CNBC reported that US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis have called for a cessation of hostilities in Yemen and the start of a conflict resolution ...
Najran Cement sees increased 3Q loss
Saudi Arabia's Najran Cement saw its 3Q net loss after zakat and tax widen to SAR-23.7m (-6.32m) from SAR-17.1m in the year-ago period. The company’s 3Q sales fell nine per cent...
Saudi Arabia under pressure, seeks to boost export
This week, CemNet reported that Yamama Cement has seen a sharp 34 per cent fall in 3Q18 revenues , compared to the same period last year. Meanwhile, profitability declined, fall...
Al Rashed signs agreement to market and distribute NRCC's white cement
Saudi Arabia's Al Rashed Cement has signed an agreement with Northern Region Cement Co (NRCC) to facilitate marketing and distribution of NRCC’s white cement. The value of the o...