Qassim Cement records fall in net profit for 1Q18
Saudi Arabia’s Qassim Cement Co has announced a 28.7 per cent YoY fall in net profit for the 1Q18, decreasing to SAR57.2m (US$15.25m) from SAR80.2m. Total sales of the company d...
Saudi Arabia
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Yamama Cement announces 53% profit fall in the 1Q18
Saudi Arabia-based Yamama Cement Co has announced a 53 per cent YoY fall in profit to SAR23.8m (US$6.35m) in the 1Q18. The producer attributed the decrease in profit to a drop i...
Saudi Arabia cement sales fall 11% in 1Q18
Saudi Arabia's total cement sales for 1Q18 stood at 11.8Mt, down 11 per cent YoY and one per cent QoQ. The combination of weak demand and high inventory levels forced the compan...
Qassim Cement receives export licence
Qassim Cement Co has received a one-year export licence from Saudi Arabia’s Ministry of Commerce and Investment, said the company in a bourse filing.
Yanbu Cement begin cement and clinker exports
Yanbu Cement Co has signed a one-year agreement to export 1Mt of clinker and 0.5Mt of cement as of April 2018. The company added that the deal is expected to boost company's rev...
Yanbu Cement reports 39% fall in profit for 2017
Saudi Arabia’s Yanbu Cement has reported a 39.4 per cent YoY decrease in profit for the full-year 2017 period, falling to SAR319m (US$85.07m) from SAR526m.
New 6000tpd Saudi cement plant for Al Baha Cement
Saudi Arabia’s Al Baha Cement Co plans to built a new cement plant with a capacity of 6000tpd of sulphate-resisting Portland cement as well as the potential to produce white and...
Saudi Cement companies await upturn on 2Q18 export sales
Saudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on ...
Will Saudi Arabian producers turn to exports?
The full removal of export tariffs on cement, effective 1 February 2018, signals an important change for Saudi Arabian cement producers. While the Ministry of Commerce lifted Sa...
Arabian Cement posts SAR97m profits in 4Q17
Arabian Cement reported a 276YoY surge in net profits of SAR97m (US$25.9m) in 4Q17, compared to SAR25.8m in 4Q16, according to a statement to the Saudi Stock Exchange. However, ...