Southern Province cement signs deal with Wärtsila, Saudi Arabia
Saudi Arabia’s Southern Province Cement Company has signed a US$26m contract with a Finnish power firm that will allow it to expand its power plant in Jazan, located in the sout...
Saudi Arabia
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Hail Cement widens loss, Saudi Arabia
Saudi Arabia-based cement company Hail Cement has increased its losses in the second quarter of 2012 to US$2.29m, up by 36 per cent from the US$1.68m it lost in the first quarte...
Southern Province Cement second-quarter profit rises, Saudi Arabia
Southern Province Cement (SPC) posted a 9.6 per cent increase in second quarter profit, Reuters reports. SPC achieved a net profit of US$69.86m during the quarter, up from US$63...
Saudi Cement net profit rises 26 per cent, Saudi Arabia
Saudi Cement posted a net profit of SAR290.2m (US$77.4m) for the second quarter, representing a rise of 36 per cent from a year earlier. The company attributed the rise to growi...
Qassim Cement second quarter net rises YoY, Saudi Arabia
Qassim Cement Company posted a three per cent YoY rise in consolidated net profit of SAR149m (US$40m) for the second quarter of 2012, thanks to increased sales. However, on a Qo...
Yanbu Cement 1H net profit rises four per cent, Saudi Arabia
Saudi Arabia-based Yanbu Cement said net profit for the first half of 2012 rose by 43.4 per cent YoY to SAR360m (US$96m). Earnings per share stood at SAR3.43, up from SAR2.39. F...
Qatrana Cement workers strike on pay dispute
Qatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed an...
Saudi cement sector continues to thrive
The Saudi Arabia cement sector continues to go from strength to strength and a report released earlier this week shows that local cement demand is forecast to grow at a CAGR of ...
Baker and McKenzie advises Najran Cement Co, Saudi Arabia
Baker and McKenzie advised Najran Cement Company (NCC) on its initial public offering of 85,000,000 shares at SAR10 a share (IPO), representing 50% of its share capital at an ag...
Saudi cement producers see 1Q rise in net profit
Two leading Saudi Arabian cement producers have reported solid gains in the first quarter of 2012 driven by higher sales volumes as a result of rising local demand. Saudi Cement...