Saudi Cement net profit rises 32.3% in 2012
Saudi Cement Company said today its net profit for 2012 rose 32.3 per cent YoY to SAR1.1bn (US$293m) thanks to higher demand. Earnings per share stood at SAR7.2, up from SAR5.43...
Saudi Arabia
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Northern Region Cement stocks soar on day one of trading, Saudi Arabia
Saudi-Arabia based cement producer Northern Region Cement tripled on its first day of trading in Riyadh, Bloomberg reports. The stock soared to SAR30 at the close in the Saudi c...
Yanbu Cement full-year net profit rises 36% YoY
Saudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from th...
Dr Ahmed Zugail returns to Yanbu Cement, Saudi Arabia
Saudi-Arabia based Yanbu Cement Company (YCC) has announced that Dr Ahmed A Zugail has taken up his position as new Director General/CEO, effective 1 September 2012. Dr Zugail s...
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 profi...
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 plans ...
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 year.
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 by ...
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.
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 t...