Hail Cement and Tabuk Cement increase production
Saudi cement producers are beginning to raise production to contribute to the US$500 Neom megaproject, according to Mubasher. Tabuk Cement and Hail Cement lead the production in...
Saudi Arabia
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CEO of Hail Cement resigns
Saudi Arabia's Hail Cement Co has announced that its CEO, Matar Alahrani, has resigned from his position with effect from 30 August 2018, due to moving to a new position. The co...
Saudi cement sector expected to record revenue decline in 2Q18
Saudi Arabia’s cement sector is expected to record a fall in revenue in the 2Q18, according to Al Rajhi Capital. The companies monitored by Al Rajhi are expected to announce a r...
Saudi Cement to use GE Power's Advanced Gas Path technology
Saudi Cement has signed an agreement with GE Power for the upgrade of three GE 6B gas turbines at its Hofuf plant to increase power output and efficiency. This is the first GE P...
Saudi cement production falls 7% in April
The total production of Saudi cement companies fell 7.4 per cent YoY in April 2018, declining to 4.2Mt from 4.54Mt. Furthermore, sales in the country dropped 9.5 per cent YoY in...
Southern Province Cement 1Q profit falls 3%
Saudi Arabian cement producer Southern Province Cement Co has reported a 2.9 per cent YoY decrease in net profits in the 1Q18.
Saudi company to invest in Egyptian production lines
A Saudi Arabian company is expected to invest EGP500m (US$28.37m) in three Egyptian production lines, according to Ahmed Abdel Razek, head of the General Authority for Industria...
Umm Al Qura Cement announces fall in net profit
Saudi Arabia’s Umm Al Qura Cement Co has announced a 40 per cent YoY fall in net profit for the first quarter of 2018, decreasing to SAR10.2m (US$2.72m) from SAR17m, according t...
Hail Cement reports 49% fall in net profit for 1Q18
Saudi Arabia’s Hail Cement recorded a 48.9 per cent YoY fall in net profit for the 1Q18, decreasing to SAR4.23m (US$1.13m) from SAR8.28m. The company attributed the results to a...
Arabian Cement announces net loss in 1Q18
Arabian Cement has announced a 106 per cent YoY decline in net profit for the first quarter of the year, falling from SAR100.7m (US$26.85m) to a loss of SAR6.1m, according to Re...