Saudi Arabia: Qassim Cement sees 6% rise in 3Q profit
Saudi-based producer Qassim Cement reported a six per cent rise in third-quarter profit to SAR115m (US$30.7m), versus SAR109m in the same quarter of last year, according to a bo...
Saudi Arabia
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Umm Al Qura Cement signs deal with CNBM International Engineering
Umm Al Qura Cement has signed an agreement with CNBM International Engineering to operate a cement production line, the company said in a bourse statement on Monday. The SAR32m ...
Saudi producers' 2Q net profit drops
Saudi Cement reportedly dropped an 11.8 per cent in net profit for 2Q15 to SAR254m, from SAR288m in 2Q14. It attributed the fall in net profit to lower local sales without elabo...
Hail Cement 2Q15 net earnings down 28%
Saudi-based Hail Cement reported net earnings of SAR28.6m during the second quarter of 2015, down 38 per cent compared with SAR46m in the comparative period of last year. Net ea...
Yanbu 2Q earnings rise to SAR246m
Saudi producer Yanbu Cement Co (YCC) posted SAR246m (US$66m) in net earnings for the second quarter of 2015, rising 2.07 per cent compared with SAR241m in the same period a year...
Saudi clinker production declines
Clinker output in Saudi declined by 12 per cent YoY in May 2015 in producers deliberately attempt to shore up cement prices, claims a report by NCB Capital. Stockpiles had built...
China National Building Materials (CNBM)
Production is due to get underway in December this year at Southern Province Cement’s second Bishah line, as supplied by China National Building Materials (CNBM). The line has b...
SPCC to launch second production line, Saudi Arabia
Southern Province Cement Co (SPCC) is likely to launch the second production line at Bishah cement plant in December, said CEO Safar Dhaffir. The 5000tpd line is established by ...
Saudi's Najran Cement sells SAR400m through an Islamic bond
Saudi Arabia’s Najran Cement has raised SAR400m (US$106.7m) through an Islamic bond of five years duration, it said in a statement on Sunday. The sukuk was privately placed with...
Najran to meet investors for riyal sukuk issue
Saudi Arabia-based Najran Cement plans to meet fixed income investors starting on Sunday for a riyal-denominated sukuk issue, the company said yesterday. Najran has appointed Sa...