Southern Province Cement sees two-third drop in 3Q profit
Saudi cement producer Southern Province Cement saw its third-quarter sales decrease 43.2 per cent to SAR216m from SAR380m in the 3Q16. The company’s net profit declined by 67...
Saudi Arabia
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Yamama Cement sees 3Q profit fall
Yamama Cement reported a 30.5 per cent YoY fall in sales to SAR164m (US$43.7m) in 3Q17 from SAR236m in 3Q16. The company’s net profit decreased 48.1 per cent from SAR56.3m to...
Egypt doubles value of cement exports in 9M17
Egypt’s cement exports rose 88 per cent during the first nine months of 2017, reaching around US$72m compared to US$38m last year, its building industries export council said o...
Umm Al-Qura Cement secures US$13.3m bank loan
Umm Al-Qura Cement Company of Saudi Arabia has signed a key Islamic financing agreement with Riyad Bank to secure a SAR50m (US$13.3m) loan. The loan will be used for funding ...
Arabian Cement postpones Rabigh grinding operation
Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17. Const...
Arabian Cement in merger talks with Al Safwa Cement
Arabian Cement has entered into potential merger talks with Al Safwa Cement of Saudi Arabia, owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation ...
First eight months sales fall 18% YoY in Saudi Arabia
In the first eight months of 2017, cement sales volume In Saudi Arabia declined 18 per cent YoY to 32.1Mt, while clinker production fell 10 per cent YoY during the same period,...
Saudi producers sees sales drop 16% in August 2017
The sales of Saudi cement producers fell 15.5 per cent to 3.72Mt in August 2017 when compared to 4.4Mt reported in August 2016. Total production in August reached 3.79Mt, dow...
Saudi Arabia volumes down 19% in 7M17
Saudi Arabia’s cement sales volumes have dropped by 19 per cent YoY to 28.3Mt during the first seven months of 2017, a report from Al Rajhi Capital reveals. The Saudi Cement ...
Saudi's subdued second quarter
The Saudi Arabian cement industry is continuing to face headwinds with domestic producers reporting a tough second quarter amid the dual impact of lower cement demand and Ramad...