Drop in Saudi 2Q earnings expected
Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1 to 62.8 per cent in the second quarter of 2017, according to a recent report by ...
Saudi Arabia
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Yamama agrees raising credit facility limit
Yamama Cement announced that it has agreed with the National Commercial Bank (NCB) and Samba Financial Group to raise its sharia-compliant credit facility limit from SAR1bn to ...
Saudi five-month cement sales down 18.7%
Saudi cement sales fell by 18.7 per cent YoY in the first five months of this year to 22.6Mt, while clinker output was down 11.3 per cent, according to the Saudi Cement Sector ...
Al-Safwa Cement, SEC, sign deal for recycling of carbon ash
Saudi Electricity Company (SEC) has signed a cooperation agreement with Al-Safwa Cement Co of Saudi Arabia for the recycling of carbon ash and the use of oils and oil residues ...
Hail Cement obtains cement export licence
Hail Cement Company has obtained a cement export licence from the Saudi Ministry of Commerce and Investment. The licence will be valid for one year from the date of approval o...
Tabuk Cement profit down
Tabuk Cement on Wednesday announced a 59.2 per cent decrease in net profit during the first quarter of 2017, compared to the same quarter last year, according to a bourse filin...
Southern Province sees 63% drop in 1Q profit
Saudi-based Southern Province Cement Co reported a 62.9 per cent drop in profits for the first quarter of 2017, compared to the same period of the previous year, while QoQ prof...
Najran Cement Co posts lower profits
Najran Cement Company reported a 81.7 per cent YoY decline in its profits during the first quarter of 2017, according to a Saudi bourse filing. Profits reached SAR11.22m (US...
Northern Region Cement profit drops 61.6%
Northern Region Cement Co reported a 61.6 per cent YoY decline in profits for the first quarter of this year, the Saudi-based cement producer said in a bourse filing on Wednesd...
Yanbu reports decline in 1Q profit
Saudi-based Yanbu Cement’s profits declined by 27.49 per cent YoY to SAR124m (US$33m) in the first quarter of 2017 from SAR171m. The decline in profits was attributable to wea...