Saudi Arabia

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Al Jouf net profit advances 11.6% in 2014

Al Jouf net profit advances 11.6% in 2014

Saudi-based Al Jouf Cement recorded a net profit of SAR60.4m (US$16.1m) for 2014, up from SAR54.1m in 2013, the company said in a statement to the Saudi Stock Exchange. The i...

Saudi: Al Jouf Cement's 4Q14 profit surges

Saudi: Al Jouf Cement's 4Q14 profit surges

Al Jouf Cement Co posted a SAR20.7m (US$5.51m) net profit for the fourth quarter of 2014, with an increase by 160.49 per cent YoY from SAR7.9m and 141.26 per cent QoQ from SAR8...

Saudi Cement Co 4Q net profit up 8.91%

Saudi Cement Co 4Q net profit up 8.91%

Saudi Cement Co has posted a 8.91 per cent rise in fourth-quarter net profit to SAR269m (US$71.7m) from SAR247m and 16 per cent QoQ from SAR232m. The YoY rise in fourth-quarter...

Saudi monthly cement sales up 17% YoY

Saudi monthly cement sales up 17% YoY

Saudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Ya...

Yanbu Cement 4Q net earnings up 20.63%

Yanbu Cement 4Q net earnings up 20.63%

Saudi producer Yanbu Cement Co posted SAR193m (US$51.4m) net earnings for the fourth quarter of 2014, rising 20.63 per cent from SAR160m in 4Q13 and 18.4 per cent from SAR163m ...

Stronger markets in 2015?

Stronger markets in 2015?

What does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative re...

Arabian Cement Co names chairman

Arabian Cement Co names chairman

Arabian Cement Co’s board of directors on Thursday approved the appointment of Abdullah Mohammed al-Eissa as board chairman, with a three year term effective 1 January 2015. I...

First quarter launch for Al Jouf Line 2

First quarter launch for Al Jouf Line 2

Al Jouf Cement is to launch commercial production from its second kiln line in the first quarter of 2015, the Saudi-based cement producer said in a bourse statement. The new 5...