Najran 4Q16 profit falls 73%
Najran Cement reported a fall in profits of 72.55 per cent to SAR14.76m (US$3.93m) in 4Q16 from SAR53.73m in 4Q15. The company attributed the lower profit to reduced sales volum...
Saudi Arabia
803 posts · Page 51 of 81
Saudi Arabia: Northern Cement profits down 57% in 4Q16
Northern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul).
Saudi cement production forecast to fall 5-10% in 2017
A number of Saudi cement companies plan to cut production by 5-10 per cent this year to deal with reduction in demands, Al Sharq Al Awsat newspaper has reported.
Arabian Cement profits down 84% in 4Q16
Arabian Cement Company have reported an 84.36 per cent YoY fall in net profit in the 4Q16, according to a bourse filing. Profits reached SAR24m (US$6.4m) in 4Q16 compared to SAR...
Saudi Arabia: Hail Cement Q4 profits decline 21%
Hail Cement Company (HCC) reported a 20.99 per cent decrease in net profit for the 4Q16. HCC achieved SAR23.67m (US$6.31m) net profit in the quarter, falling from SAR29.95m in t...
Saudi Arabia: Yamama Cement secures US$266m for new plant
Saudi Arabia's Yamama Cement Company has secured SAR1bn (US$266.6m) to partially fund the building of a new plant, it said on Monday.
Saudi Arabia: domestic firms' sales down 22% in November
Saudi Arabian cement companies saw their sales fall 21.92 per cent YoY to 4.2Mt in November from 5.4Mt in the same month last year, according to a Yamama Cement report.
Arabian Cement to start Rabigh grinding unit operations in 4Q17
Arabian Cement Co reported construction at its Rabigh grinding facility is ongoing. However, in a bourse filing the company said it expected commercial operations at the unit to...
Saudi Arabia shifts focus as spending curtailed
With the publication of the 2016 budget, Saudi Arabia has put an end to the high rates of spending prevalent before a subdued oil price environment took hold.
Saudi Arabia: changing times? Premium
The 2017 outlook for the Saudi Arabian cement sector remains neutral unless the government continues its spending spree. But as the subdued oil price environment calls for a mor...