Yamama Cement 2012 sees 2012 net profit rising 10.5%, Saudi Arabia
Saudi Arabia cement producer Yamama Cement Co’s estimated net profit for 2012 rose to SAR818m (US$218.1m), a rise of 10.5 per cent from SAR740m a year ago. Estimated gross prof...
Saudi Arabia
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Northern Region Cement set to launch IPO, Saudi Arabia
Saudi-Arabia based cement producer Northern Region Cement Company (NRC) plans to sell 90 million shares in an Initial Public Offering (IPO) starting tomorrow. The company pl...
Saudi Cement Co 3Q12 net profit rises, Saudi Arabia
Saudi Cement Company (SCC) said its net profit for the nine months through September 2012 surged in the first nine months of 2012 compared to the same period of the previous ye...
Southern Province signs contract for power plant expansion, Saudi Arabia
Southern Province Cement Co (SPCC) has signed a contract with Wartsilla for the expansion of the former’s power generating plant at the Tahama works. The contract was signed...
Hail Cement signs loan agreement, Saudi Arabia
Saudi Arabian cement company Hail Cement announced that it has signed a loan agreement with the Saudi Industrial Development Fund on 12 December 2012. The loan amount is SAR...
Yanbu Cement records 25.5% YoY rise in quarterly net profit
In the quarter ended 30 September 2012, Yanbu Cement saw total revenues fall 21.4% to SAR339.6m (US$90.5m) and net profits slipped from SAR215.6m to SAR156.7m when compared to ...
Saudi Cement announces new grinding investment, Saudi Arabia
Saudi cement producer Saudi Cement Company (SCC) is to replace three old cement mills with two new ones. The old mills have a grinding capacity of 360tph, while the new mills ...
Najran Cement 3Q12 net profit down, Saudi Arabia
Saudi Arabian cement company Najran Cement posted a net profit of SAR36.2m (US$9.7m) for the third quarter of 2012 compared to SAR83.3m in the corresponding period of 2011, rep...
Southern Province driven by higher demand, Saudi Arabia
Saudi Arabian cement producer Southern Province Cement reported a YoY rise in net profit for the the first nine months of 2012 and for the third quarter of the year thanks to a...
Saudi Cement 3Q12 net profit rises, Saudi Arabia
Saudi Cement Co reported a 7.3 percent increase in quarterly profits on higher domestic sales, Reuters reported. The company said it made US$56m net profit during the third qu...