Yamama Saudi Cement quarterly profit down 66%
Yamama Saudi Cement reported a net profit of SAR50.8m (US$13.5m) in the first quarter of 2017, translating into a YoY drop of 66 per cent due to a decline in operating profit. ...
Saudi Arabia
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Saudi Arabia: sales volume falls 20% in 2M17
Cement sales in Saudi Arabia remain weak and see a further downward revision in sector earnings for 2017. In the first two months of 2017, sales volume fell 20.4 per cent o...
Gaza receives Saudi Arabian housing aid and Israeli cement
Saudi Arabia has contributed US$80m towards reconstructing Gaza homes destroyed during the 2014 Israeli military bombing, Minister of Housing, Mufeed Hasayneh, said on Thursday...
Saudi Arabia: Northern Region Cement Co appoints new board top
Saudi Arabia’s Northern Region Cement Co has appointed Sulaiman bin Salim Al-Harbi as the Board's chairman. The board also assigned the role of the deputy chairman to Raed I...
Saudi Cement producers see sales fall 25% in February
Saudi cement producers saw sales fall by 24.9 per cent in February 2017. Cement companies sold 4.09Mt of cement in the second month of the year, down from 5.44Mt in February 20...
Saudi producers unlikely to benefit from export ban
Cement makers in Saudi Arabia are unlikely to benefit from the government's decision to lift a ban on exports due to higher tariffs, according to Saudi Cement Chairman, Khaled ...
Saudi Arabia: Najran shuts down Line 2
Saudi Arabia’s Najran Cement Co has suspended production at a 3000tpd clinker line. The temporary shutdown of company’s Line 2 is due to the current conditions in the market...
Relocating Yamama Cement
After years of planning, Yamama Cement Company has finally commenced the relocation of its cement manufacturing operations, moving production from inside the capital, Riyadh, t...
Saudi Arabia: Southern Province reports 48% fall in 4Q profits
Southern Province Cement reported a decline of 48 per cent in its profits for the fourth quarter of 2016. Profits in 4Q16 fell to SAR156m (US$41.6m) from SAR300m in 4Q15. So...
Saudi Arabia: Najran Cement receives export licence
Najran Cement obtained an export licence from the Saudi Ministry of Commerce and Investment. The licence was received on 15 February 2017 and is valid for one year, according...