Yamama Cement profit halves in 4Q17
Saudi Arabia’s Yamama Cement saw its net profits slide 51.3 per cent YoY in the 4Q17 to SAR16.9m (US$4.5m) from SAR34.8m. The company attributed the fall in profits to the d...
Saudi Arabia
799 posts · Page 45 of 80
Hail Cement sees drop in 2017 profit
Saudi Arabia’s Hail Cement reported a 84.4 per cent YoY fall in its net profit to SAR15.5m from SAR99.7m. Total sales decreased 39.5 per cent from SAR272.1m in 2016 to SAR16...
Qassim Cement sees 38% drop in profit
Saudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m. Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year ...
Riyad Capital: Outlook for Saudi Arabia in 2018
Riyad Capital will present its outlook for the Saudi Arabian cement industry in 2018 at Cemtech Middle East & Africa held between 17-20 February 2018 at the JW Marriott Marq...
Al Jouf Cement Company to export 72,000tpa to Jordan
Al Jouf Cement Company signed a sales and marketing contract with the Saudi Industrial Export Company (SIEC) on Sunday, according to a statement released on Tadawul. This follo...
Saudi Cement Group joins WCA
Saudi Cement Group has joined the World Cement Association. The cement producer, which is one of the largest in Saudi Arabia, commands a capacity of around 11.5Mta. In addition...
RAK Cement profits have fallen in 9M17
RAK Cement has seen a 21.2 per cent fall in profits in 9M17. The UAE-based company's net profit totalled AED212,470 (US$57,830), compared to AED7.8m (US$2.12m) in 9M16. RAK ...
Tabuk Cement reports a net loss in 3Q17
According to Reuters, Tabuk Cement has seen a net loss of SAR12.2m (US$3.2m) in 3Q17, compared to a net profit of SAR7.9m (US$2.1m) in 3Q16. The net sales of the company hav...
Saudi Arabian companies report profit falls in 3Q17
Saudi Arabia’s cement companies reported a fall in third-quarter profits when compared with the same period last year. Hail Cement saw its 3Q profit fall to SAR650,406 (US$ ...
Red Sea City plan raises Saudi cement firms' share prices
Saudi Arabia’s plan to build an entirely new US$500bn city, Neom, by the Red Sea has breathed life into the country’s beaten-down cement sector. Shares of companies such as...