Saudi: Yanbu first-quarter net profit edges ahead
Yanbu Cement Company posted a net profit of SAR207m (US$55.2m) in the three months to 31 March 2015, up one per cent from SAR205m a year earlier, the Saudi-based company said i...
Saudi Arabia
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Siwertell supplies Saudi road mobile unloader
Siwertell, part of Cargotec, has received an order to supply a road mobile unloader to the cement division of the Rashed Al-Rashed & Sons Group in Saudi Arabia. The unloader ha...
Southern Province Cement starts trial operations of new line
Southern Province Cement (SPC) on Monday launched trial operations of a third production line at its plant in Tuhama, Saudi Arabia, the company said in a bourse filing. Withou...
Saudi calls for lift of export ban to supply Egypt
Saudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al...
Qassim Cement approves dividend, Saudi Arabia
Saudi cement producer Qassim Cement Co (QCC) approved at a general meeting on Sunday a cash dividend payment of SAR270m (US$72m), or SAR 3 per share, for the second half of 201...
Yanbu Cement Co signs contract for WHR plant
Yanbu Cement Company (YCC), one of Saudi Arabia’s leading cement companies and a major player in the western region of the kingdom, has signed a contract for the establishment ...
Listed Saudi firms see 3.8% increase in 2014 sales
Sales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hay...
Eastern Province Cement names new chairman, deputy chairman
Saudi-based producer Eastern Province Cement Co (EPC) approved at a meeting on Sunday the appointment of Turki bin Fahd as board chairman. The company also named Abdul Mohsen ...
Saudi full-year output update
Saudi Arabia, the largest cement producer in the GCC, produced over 57Mt of cement in 2014, according to a report in Arab News. Demand in the kingdom continues to grow fuelled...
Saudi firms’ net profit up 6% YoY
The net profit of the Saudi cement firms has registered an increase by six per cent in 2014, reaching US$1.56bn compared with US$1.48bn recorded in 2013, Arab News reported. P...