Saudi Cement to sell 40% stake in Kuwaiti firm
Saudi Cement Company announced signing a contract to sell its entire stake of 40 per cent in Group International Cement Company, a Kuwaiti closed joint stock company. The ...
Saudi Arabia
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Saudi Arabia: lifting of export ban to provide little cheer for cement producers?
The much-anticipated lifting of Saudi Arabia's ban on cement exports, first implemented in 2008 and extended in 2012, is expected to provide little relief for the country's cem...
Saudi Arabia: Yamama and EPPCO announce profits, Saudi Cement rebrands
Yamama Cement and Eastern Province Cement Company have announced their first quarter earnings for 2016 with mixed results. Yamama, the larger of the two, saw its profits fal...
Al Jouf Cement 4% decline in 1Q profit
Saudi Arabian cement producer, Al Jouf Cement Co posted on Tuesday a net profit of SAR 24.72m (US$6.59m) in the first quarter of 2016, four per cent down from SAR 25.76m (US$6...
Najran Cement profits suffer steep fall
Najran Cement (Saudi Arabia) posted a net profit of SAR61.08m (US$16.29m) in the first quarter of 2016, registering a decline of 33.6 per cent from SAR92m (US$24.53m) in the sa...
Hail Cement profits slips 12 per cent
Hail Cement Company, Saudi Arabia, posted a 11.74 per cent decline in net profit for the first quarter of the fiscal year 2016, according to a bourse filing posted Sunday. T...
Cement exports on the rise
As global cement capacity continues to rise against a limited demand increase, there is a swell of cement producers chasing ever-smaller export markets across the globe. News t...
Saudi Arabia lifts ban on cement exports as construction sector slows
A senior official in Saudi Arabia has said that the kingdom's ban on cement exports has been lifted. According to reports from Reuters, the ban - imposed in 2008 and renewed...
Qassim Cement profits fall 17% in 1Q16
Saudi Arabia’s Qassim Cement saw its profits drop 16.8 per cent YoY to SAR135.4m (US$36.1m) from SAR162.7m. The fall in profits has been attributed to an increase in cost of ...
Yanbu Cement Co net profit down 11.1% in 1Q16
Yanbu Cement Company posted a 11.11 per cent decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday. The cement producer generate...