Yanbu Cement 3Q profit up 16.4%, Saudi Arabia
Saudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said th...
Saudi Arabia
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Saudi Arabia: Al Jouf Cement extends second clinker line trial
Al Jouf Cement has extended the experimental operation of its second clinker line until the end of the 4Q14 in an attempt to reach full production capacity. The new line will n...
Saudi Arabia: weak demand keeps Hofuf kilns closed
Saudi Cement Co said it would not restart the two refurbished kilns at its Hofuf plants as the company currently has a high inventory level and market demand remains weak. “...
Saudi Arabia: Southern Cement's third line is 70% completed
Southern Province Cement Co has completed 70 per cent of the third line of its Tihama plant, according to the Tadawul website. Project delays have been caused by the difficu...
Saudi August dispatches rise 29.8% YoY
Saudi cement dispatches for August 2014 climbed to 3.96Mt, an increase of 29.8 per cent YoY and 47.8 per cent MoM, AlJazira Capital has stated in a report citing the data issue...
Saudi imports 3.1Mt in past nine months
Saudi Arabia imported some 3.1Mt of cement in the past nine months valued at SAR750m, according to a financial report quoting data released by Customs Department. The rise is ...
Saudi listed firms see first-half net profits decline
Profits of listed Saudi cement companies dropped by 6.6 per cent to SAR3.40bn (US$906m) compared with SAR3.64bn in the corresponding period last year, a report, filed by Al-Riy...
Al-Jouf Cement returns to quarterly profit
Al Jouf Cement has posted a 16.4 per cent rise in second-quarter net profit following five consecutive quarterly declines. A gradual improvement in shipments for the three-mont...
Umm Al-Qura signs financing agreement, Saudi Arabia
Umm Al-Qura Cement Company announced the signing of an Islamic financing agreement with The Saudi British Bank (SABB) on 22 July for SAR 618.874m. The financing has a tenor o...
Arabian Cement second-quarter exceeds analysts’ forecasts
Saudi-based Arabian Cement reported a 60.2 per cent rise in second-quarter net profit to SAR199.8m (US$53.3m), beating analysts' forecasts. Al-Rajhi Capital noted that while ...