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-Riya...
Saudi Arabia
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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-month...
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 of t...
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.
Saudi: Qassim’s 2Q14 net profit slips, sales down 10%
Qassim Cement posted a 1.5 per cent decline in net profit for the second quarter of 2014 to SAR161.1m (US$43m). Sales volumes dropped 10 per cent YoY during the three months to ...
Saudi Cement posts second-quarter net profit drop
Saudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue. The kingdom’s largest listed cement producer by market value ma...
Yamama Cement sees June deliveries decline
Yamama Cement's June domestic deliveries reached 484,000t, a 5.5 per cent decline MoM and a 17.7 per cent YoY fall, according to NBK Capital. However, this figure was in line wi...
Najran launches waste heat recovery operations
Saudi-based producer Najran Cement said launched operations of its waste heat recovery project yesterday. The company successfully completed the performance guarantee tests stat...
Saudi on course for full demand recovery in 4Q14
Saudi cement sector is currently showing signs of recovery, with demand beginning to return to its normal levels, a new report by NCB Capital reveals.
Wartsila to supply Umm Al-Qura Cement Co power plant, Saudi Arabia
Wartsila has received an order to supply a turnkey power plant from Saudi-based Umm Al-Qura Cement Co. The contract for the 47MW facility will be located in the mountain desert ...